Yesterday I got word that my house loan from Well's Fargo was approved. :) 0 down, 300k. I think the house I want is 200k actually, so maybe I can get some improvements done around the house and/or consolidate my debt.
Just as an FYI... you may be preapproved for 300K, but I doubt you'll be able to use it for much if you don't spend it directly on the house. Generally speaking, the actual "mortgage" is set to the lower of a) the purchase price and b) the appraised value of the home. You'd have to get a separate SECOND mortgage to cover the "fix-er-ups". At least you know your credit is good for it. *shrugs*
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rmathis's journal
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Just as an FYI... you may be preapproved for 300K, but I doubt you'll be able to use it for much if you don't spend it directly on the house. Generally speaking, the actual "mortgage" is set to the lower of a) the purchase price and b) the appraised value of the home. You'd have to get a separate SECOND mortgage to cover the "fix-er-ups". At least you know your credit is good for it. *shrugs*