Is it possible to take a 200k loan and buy a 100k house?
Some loan office told me to take a loan and it’s at 200K. I found a house at 100K and is just planning to buy that. It’s a 2 rooms and 1 bathroom house. With the other 100K, I’m going to invest it and collect on the interest. Is it possible of me to do that? O also, I want the other 100K because like my mom and dad, they didn’t have any money at all in the bank or what so to pay their house so they had to sell it. Now if I had that extra 100K invest, I’m going to get at least a bit of % back right. Also if inflation happens, I can be able to use the other 100K to pay off the mortgage
Anyways, can anyone tell me about this? New to the game.
9$ an hour and is getting about 30 hours a week.
Girl make about 9$ an hour also and about 30 hours a week also. Can we make it and is that loan possible or do I have to get a 200K house? Thanks for the help guys.