Can a personage get hold of a home equity loan on a house while they are trying to purchase it if the appraisal allows ?

I am wandering about purchasing a home which the apprasial is $110,000 but I can buy it for $60,000. I am wandering if I can borrow the 60K and and then receive a home equity loan for 25K for improvements to the property?
Answers:
Should be able to. If the appraisal actually shows that you enjoy $50K in equity after you've bought the house, then you should efficiently be able to borrow half of that.

BTW - please do yourself a favor and Report adjectives of the SPAM/SCAM answers you get from online loan outfits. Nobody reputable does business that way...

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