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borrowing more on a mortgage for improvements ??

we're looking to buy a house soon we will put 75k down and put 75k on a mortgage loan.. we would like to actually have a larger mortgage say 85k so we have some money for improvements to the property and other costs like moving paying down some other higher interest debt and whatnot ..

 can we do that? we are approved for far more than the 75k we need.
  • November 23 2012 - US
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Answers (2)

Yes. Put down 65 and apply for 85.
  • November 23 2012
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Profile picture for user7776860
It is certainly possible to borrower an extra 10K on your loan or simply just put down 10K less money.   Good Luck with your loan.   If you need a mortgage calculator then please view our website for Free mortgage calculators.  Our website is [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
Once again good luck with your mortgage. 
  • November 23 2012
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