I wanted to buy a second hand house. The owner is selling the house below market price. Its value is at 240k-250k, as mentioned due to few failed applicant who didnt manage to get the loan for that particular house. The owner was selling at 240k.
(i) Issit possible to mark up the loan?
(ii) What are the docs required to buy a second hand house
(iii) How do we apply to numerous number of bank at one time? Is the application process free of charge?