Asked by Furyleo
Hi,
If I buy a new condo, and when it comes TOP, the valuation of the condo is e.g. 30% higher than my buying price.
Can I get a refinance based on the higher valuation of the current price and get some return on my investment?
Also, what if one day the valuation of the property drops below the price when a loan was taken, do I need to topup?
If I buy a new condo, and when it comes TOP, the valuation of the condo is e.g. 30% higher than my buying price.
Can I get a refinance based on the higher valuation of the current price and get some return on my investment?
Also, what if one day the valuation of the property drops below the price when a loan was taken, do I need to topup?
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