Hi all,
Just wondering if a bank valuation comes in low (say 20k under purchase price) and they are only lending 80% will they only lend 80% of the valuation estimate? Is it as clear cut as this?
And if this were the case, will finance simply fall through or will they dictate that you can still use other funds (if there are any available after purchase costs and deposit)?
Just wondering if a bank valuation comes in low (say 20k under purchase price) and they are only lending 80% will they only lend 80% of the valuation estimate? Is it as clear cut as this?
And if this were the case, will finance simply fall through or will they dictate that you can still use other funds (if there are any available after purchase costs and deposit)?