[dropcap2]Q[/dropcap2]if the asking price is more than the appraisal will bank approve loan
[dropcap2]A[/dropcap2]Depends somewhat on your down payment. If it is large enough to create equity, & the price gap is not that great, they might. If that sounds like a ‘slim chance’, it is. Now a day’s, banks are very strict with all their guidelines – appraisal & LTV (loan to value) ratio are at the top of that
list. Ask the bank to be 100% sure.
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