Monday, January 16, 2012

Can you use some of your FHA home loan to pay some personal bills, like a car payment?

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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