Home Loan

How does the home loan: serious answers please?

Hello, 1. There is borrowed from a bank exactly how much the house or see a house and borrow 200 000 250 000 2. When you decide on a home, does the bank will give the money to pay vendors and pay them directly in their name 3. If the money you borrow to become higher than the home value, what happens to the rest I guess the question is, how mortgage? THANK YOU

if the seller is asking more for the house than what the lender thinks his value will not give you the loan. The lender will evaluate the use home and if the price they are paying for the house is less than or equal to the value they paid that amount. if your question more for the house than it assesses not going to get a loan. your not going to borrow more money than the value of the home is. if the starting price is 200,000 and is valued for that, that is the amount you will get no more. you will not see any money, your lender pays you directly to the title holder of the house.

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