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Where can I find a mortgage company that will let me finance the entire amount the home is worth?
I'm buying a ,000 house according to tax records for ,000, but want to get ,000 because it needs repairs. It shouldn't really matter to the mortgage company how much I paid for it, because in the (extremely unlikely) event that my house was repossessed, they'd have a ,000 house to sell. Especially since I'm investing the extra money into it and doing the work myself. It would definately be worth well over 0,000 when I'm finished. I don't want a home equity loan because I want just one payment with just one interest rate. My credit score is 702. I should be able to get a loan.
