Can you use some of your FHA home loan to pay some personal bills, like a car payment?
July 9th, 2009 by Lenny
I’m looking to buy a home for the first time. My buddy at work told me you can add more money to your home loan when u purchase your house and the extra money you borrowed you can use to pay your car payment or use to fix the house up. Is this possible using a fha home loan? Example: House= 60,000 Then borrow 75,000 and use the extra 15,000 for home repairs or any unexpected bills.
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Tags: car payment, extra money, fha home loan, home repairs, loan example, unexpected billsPosted in
