e***y 发帖数: 273 | 1 看上了一个巨烂的房子, bank不给loan, 怎么办 ?
It says: "no loan could be attained because of the condition of the home. It
should be cash only. "
What does this mean ? The list price of the house is 300K$,
does bank think the value of the house is about zero ?
Agent told me that, if someone buys it with cash, then do a major re-
innovation, then can apply for mortgage again, to get cash out.
(Assume someone 七借八借 and 买了这个房子,), how difficult will it be to
get a "cash-out" refinance in future ?
Thanks, | i****2 发帖数: 1520 | 2 It will take some time to refinance.
The bank told you that you have to pay cash. It doesn't mean the bank think
the house value is zero. It means the bank think it is risky to borrow you
the money and you better to pay with cash.
It will take several month after escrow closing to refinance. It is still possible that the bank doesn't want to
refinance. | e***y 发帖数: 273 | 3 Is it more difficult to get re-finance in this case, I mean,
get-cash-out refinance than a regular finance ?
Thanks,
think
possible that the bank doesn't want to
【在 i****2 的大作中提到】![](/moin_static193/solenoid/img/up.png) : It will take some time to refinance. : The bank told you that you have to pay cash. It doesn't mean the bank think : the house value is zero. It means the bank think it is risky to borrow you : the money and you better to pay with cash. : It will take several month after escrow closing to refinance. It is still possible that the bank doesn't want to : refinance.
| p******t 发帖数: 1598 | | M*****R 发帖数: 650 | 5 I heard the house has to be livable to qualify for a loan.
Wife has a coworker who bought such a house with loan. What he did
was to fix the house before the loan was approved, which means
he fixed the house before he actually bought it.
home. It
【在 e***y 的大作中提到】![](/moin_static193/solenoid/img/up.png) : 看上了一个巨烂的房子, bank不给loan, 怎么办 ? : It says: "no loan could be attained because of the condition of the home. It : should be cash only. " : What does this mean ? The list price of the house is 300K$, : does bank think the value of the house is about zero ? : Agent told me that, if someone buys it with cash, then do a major re- : innovation, then can apply for mortgage again, to get cash out. : (Assume someone 七借八借 and 买了这个房子,), how difficult will it be to : get a "cash-out" refinance in future ? : Thanks,
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