Jan 18 2010, 09:26 AM
QUOTE(AiRseaL @ Jan 17 2010, 05:05 PM)
Hi all sifus here..
I want to buy a house selling for 490k.
Bank value it onli 420k max on the market.
Difference in that is almost 70k,, imposible for me to have so much money.
So my question is how to get bank to value it at the selling price (490k) so that i can get 90% loan of the selling price?
And why selling price so high and bank value it so low? Izit posible?
Try a different bank, some banks purposely value the property lower to reduce risk for them. Also most banks will be happy to provide personal loans if you buying house from them, pay off these loans fast tho since the interest will be high.I want to buy a house selling for 490k.
Bank value it onli 420k max on the market.
Difference in that is almost 70k,, imposible for me to have so much money.
So my question is how to get bank to value it at the selling price (490k) so that i can get 90% loan of the selling price?
And why selling price so high and bank value it so low? Izit posible?
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