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The maximum loan amount you are approved for is the total cost of the house, even if the house costs less than that amount.

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5mo ago

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Is it possible to purchase a house for less than the amount you were pre-approved for?

Yes, it is possible to purchase a house for less than the amount you were pre-approved for. This can happen if you find a property that is priced lower than your pre-approval amount or if you decide to make a smaller down payment.


What is the maximum price of a house that I can purchase with a pre-approval that specifies the house cost must be less than the pre-approval amount?

The maximum price of a house you can purchase with a pre-approval that specifies the house cost must be less than the pre-approval amount is equal to the pre-approval amount.


What is the how much house can I afford formula?

The formula to determine how much house you can afford is typically based on your income, expenses, and debt. A common guideline is that your monthly housing costs should not exceed 28 of your gross monthly income. This can help you estimate the maximum amount you can afford to spend on a house.


How much can I get pre-approved for when looking to purchase a house?

The amount you can get pre-approved for when buying a house depends on factors like your income, credit score, and debt. Lenders typically look at these factors to determine how much they are willing to lend you. It's important to get pre-approved before house hunting to know your budget.


Can I sell my house for the amount that I owe on it?

Yes, you can sell your house for the amount that you owe on it, but you may need to consider additional costs such as closing fees and real estate agent commissions.

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Is it possible to purchase a house for less than the amount you were pre-approved for?

Yes, it is possible to purchase a house for less than the amount you were pre-approved for. This can happen if you find a property that is priced lower than your pre-approval amount or if you decide to make a smaller down payment.


What is the maximum price of a house that I can purchase with a pre-approval that specifies the house cost must be less than the pre-approval amount?

The maximum price of a house you can purchase with a pre-approval that specifies the house cost must be less than the pre-approval amount is equal to the pre-approval amount.


What is the how much house can I afford formula?

The formula to determine how much house you can afford is typically based on your income, expenses, and debt. A common guideline is that your monthly housing costs should not exceed 28 of your gross monthly income. This can help you estimate the maximum amount you can afford to spend on a house.


How much can I get pre-approved for when looking to purchase a house?

The amount you can get pre-approved for when buying a house depends on factors like your income, credit score, and debt. Lenders typically look at these factors to determine how much they are willing to lend you. It's important to get pre-approved before house hunting to know your budget.


How much should one put away when they sell their house for moving costs?

The amount of money one should put away when they sell their house for moving costs depends on how long the distance is from house to house. The average amount put away is about $15 per car, plus a moving truck if used.


Can I sell my house for the amount that I owe on it?

Yes, you can sell your house for the amount that you owe on it, but you may need to consider additional costs such as closing fees and real estate agent commissions.


How much can you get pre-approved for a mortgage?

The amount you can get pre-approved for a mortgage depends on factors like your income, credit score, and debt. Lenders typically approve you for a loan amount that is around 3-5 times your annual income. It's important to get pre-approved before house hunting to know your budget.


How many items can trucks pick up?

There is no limit on the amount of items, providing that they have been approved by our experts. Do you have a house full of things? No problem.


What is the maximum amount of house I can afford for 800 a month?

The maximum amount of house you can afford for 800 a month depends on factors like interest rates, down payment, and loan term. Generally, with a 30-year mortgage and a 4 interest rate, you could afford a home worth around 160,000.


Your friend purchase a house for you you want the house in your name asap?

Get a quit clain deed and have five reputable witnesses and a notary public. You may have to pay your friend first for his costs and be approved for any attached financial loans.


CAn you have more then 1 child in a house at a time on sims 3 ambitions?

yes if you do not already have the maximum amount of sims in that household