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From: Willing And unable
I am looking at buying a home to live in and an investment property at once. My question is that do I need to get my lender to value the home before I am able to purchase it (it's up for auction). I don't intend to borrow to buy my own home but rather use the equity from it to purchase the investment property. I have rung the lender saying that they will charge me $600 to apply for the loan.
I am looking at buying a home to live in and an investment property at once. My question is that do I need to get my lender to value the home before I am able to purchase it (it's up for auction). I don't intend to borrow to buy my own home but rather use the equity from it to purchase the investment property. I have rung the lender saying that they will charge me $600 to apply for the loan.
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