Wednesday, November 28, 2018

Mortgage- is down payment additional to what the bank gives me?

If I tell the bank I can put a down payment of $100k and then the bank approves me for $500k mortgage, do I now qualify to apply for a $600k house? Or did the bank only give me $400k and now the $500k they gave me includes the $100k said I could put down?

Thanks

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