What is the process and charges (if any) for applying for a forclosure home loan?
I'ts been a while since I apply for any home loans, but I don't know if forclosure loans are different? Are there any initial or process fees involved, and a limit on the application loan?
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Answer by Age of Reason
The same as applying for a loan on a new house. You pay a broker a fee to find you a mortgage then you pay all closing cost roughly 6% of home purchase price and you need a down payment
Price limit is based on your income and the price of a house.
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