how can you get 100k loan for 50k property?

来源: win963852741 于 2010-08-04 08:25:09 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (304 bytes)
本帖于 2010-08-04 10:29:57 时间, 由普通用户 laoyangdelp 编辑

"I bought a property at $50k, I borrowed a 10 year term loan on this property for 100k at the rate of 5.5%"

How did this happen? any bank would give a loan like this? The property is only 50K, if not forecolure, maybe market value is 75K. How come bank will give a loan on this for 100K?

所有跟帖： 

• tell u more astonishing truth, I just got 80k from 7k investment -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (128 bytes) () 08/04/2010 postreply 08:29:50

• is it "home equity loans" ? Thanks -win963852741- ♂ 给 win963852741 发送悄悄话 win963852741 的博客首页 (0 bytes) () 08/04/2010 postreply 08:33:36

• 回复：is it "home equity loans" ? Thanks -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (38 bytes) () 08/04/2010 postreply 08:35:14

• What you said here doesn't work anymore. The banks are -UMstudent- ♂ 给 UMstudent 发送悄悄话 UMstudent 的博客首页 (99 bytes) () 08/04/2010 postreply 08:40:16

• 回复：What you said here doesn't work anymore. The banks are -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (113 bytes) () 08/04/2010 postreply 08:47:18

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