Posted on: 11th Oct, 2008 06:45 pm
OK can i get a loan for higher then the price of the house for example the owner is selling a house at $145,000 but i what to make the loan for $220,000 to condense my loan and my wife school loan in to one house payment can it be done can you borrow more money, my credit score if in the 700 and my wife credit score is in the 700 we might use a cosigner with credit score over 700 two
Anything is possible. However may be difficult considering the current lending environment. The home would have to be worth more than $220k.
Hi ceasermesa!
Welcome to the forums!
Both of you have excellent credit score and you will also include a co-signer with a high credit score. I think you have a chance of getting the loan. But again keeping the present scenario in mind, not all lenders will agree for it.
Feel free to ask if you have further queries.
Sussane
Welcome to the forums!
Both of you have excellent credit score and you will also include a co-signer with a high credit score. I think you have a chance of getting the loan. But again keeping the present scenario in mind, not all lenders will agree for it.
Feel free to ask if you have further queries.
Sussane