Ask Home Seller To Charge You More?
Is it legal to Ask Home Seller To Charge You More for the home you want to buy so you can ask for a bigger loan from the bank?
I would not think so but if the price is too high the bank will refuse the loan as the debt ratio is to high. That is the house would be worth less then the mortgage.
International Level: Senior Politician / Political Participation: 188 18.8%
No, how can that be legal? You're lying to do something else. It is silly really because there is no assurance that you will be able to get the loan.
International Level: International Guru / Political Participation: 1089 100%