Now that there are many hijackers on the coast for your dream house, you actually want to do it right in one go. But what should you look for when determining your opening bid? The most important part is of course the mortgage. If you are going to bid, you naturally want to be able to pay for the house. Therefore, calculate your maximum mortgage in advance. Are you planning to outbid? Then read on. From the Hilton Head Island SC realtor you can have the best choices now.
I want to offer above the asking price, does that affect my mortgage?
Yes, this can have consequences for your mortgage. From 2018 you can only finance 100% of the home value. Overbidding is therefore not entirely without risk. The value of the property is determined by an appraiser. This is then also the maximum amount that you can finance on