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Yes you can, it is called pre-qualifying. It is an advantage for the buyer to offer their information that they are approved for the amount offered as it is backed up by their bank pre-qualification. Sellers do not have to wait for the buyer to get approval and often perfer to work with pre-qualified buyers.

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11y ago

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Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


How do I calculate capital gains tax on my investment property?

To calculate capital gains tax on your investment property, subtract the property's purchase price and any expenses from the selling price to determine the capital gain. Then, apply the capital gains tax rate, which is typically 15 to 20 depending on your income level and how long you held the property.


Is it possible to retroactively apply for COBRA coverage?

Yes, it is possible to retroactively apply for COBRA coverage in certain circumstances.


How can I apply for a secured loan?

To apply for a secured loan, you will need to provide collateral, such as a car or property, to secure the loan. You will also need to fill out an application with your personal and financial information, and the lender will assess your creditworthiness before approving the loan.


How can I utilize the Help to Buy Equity Loan scheme to purchase a property?

To utilize the Help to Buy Equity Loan scheme to purchase a property, you can apply for the loan through a participating lender, which will provide you with up to 20 (40 in London) of the property's value as a loan. You will need to contribute a minimum 5 deposit and secure a mortgage for the remaining amount. The loan is interest-free for the first five years, after which you will need to pay interest on the loan.

Related Questions

Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


Does one need a realtor to purchase a Milwaukee condo?

Yes one needs a realtor to purchase a Milwaukee condo. The same legal processes apply to buying other property and one can find them for purchase on 'Trulia'.


What is a bill of sale and what kind of purchase does it normally apply to?

A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.


When to apply for nonconforming land use?

You should apply for a nonconforming land use permit when your property use does not comply with current zoning regulations. This permit allows you to continue using your property in its current state even though it does not meet current zoning requirements. It is important to apply for this permit before making any changes to your property to ensure compliance with regulations.


CAN I APPLY FOR A GRANT ON A PROPERTY IN LOUISIANA AND LIVE IN TEXAS ?

“CAN I APPLY FOR A GRANT ON A PROPERTY IN LOUISIANA AND LIVE IN TEXAS? ”


Does the associative property apply to division?

there is not division for the associative property


Which property does not apply to a rectangle?

rectangle


Does commutative property apply to subtraction?

No!!


How do I calculate capital gains tax on my investment property?

To calculate capital gains tax on your investment property, subtract the property's purchase price and any expenses from the selling price to determine the capital gain. Then, apply the capital gains tax rate, which is typically 15 to 20 depending on your income level and how long you held the property.


How does one purchase land for sale in the UK from the USA?

You can purchase land in the UK from the USA by utilizing a Realtor in the UK. Once you find a property you want to purchase, you can apply for an international, non resident or expat mortgage. The process is very similar to the US and your Realtor in the UK can walk you through the steps.


What is required to get a CitiFinancial mortgage?

The website for CitiFinancial gives information on how to apply for different kinds of loans, including a mortgage with which to purchase a property. Their website provides online access to all their services.


When can one apply for a Carfax vehicle report?

You can apply for a carfax vehicle report before making a purchase of a used vehicle. Any car dealership must have or produce a carfax report if and when asked by a consumer.