Posted by bank on April 17th, 2010
☆skyblue asked:
I’m currently renting an apartment and want to purchase a home. I first need to get pre-approved for a home loan so I know what type of house I can afford. What should I look for in a bank when considering a home loan? Should I stay with the bank I currently have a bank account with or look at other banks also? If I contact a bank, are there specific questions I should ask to know if they’ll give me the best loan offer?
Posted by bank on March 19th, 2010
danjenn2005 asked:
The apartment complex that we lease has set up a “bank inspection”. They will be coming into our unit to inspect it, but why? What is a bank inspection exactly? What will they be inspecting?
Posted by bank on March 16th, 2010
Erik asked:
I doubt that it means approval by the buyer’s bank, because some buyers buy cash and have no bank. Alternatively, for buyers who need to get a mortgage, obviously they need a bank’s approval, and there’s no reason for a real estate listing to say that, because that statement would be apply to everyone who’s buying with a mortgage.
I think the statement refers to the seller’s bank. But I can’t figure out why the seller’s bank would have to approve a sale.
Does anyone know what’s the rationale for a statement like this?
Thanks.
Thanks for the suggestions, but it seems unlikely to me that this wording refers to bank approval of the buyer. It is always true that a buyer getting a mortgage needs bank approval. Why would a listing or an advertisement waste the words to emphasize something obvious. This wording does not appear in every listing, only a limited number. I think it has some specific meaning concerning the situation of the seller. The answers here suggesting that this is a pre-foreclosure situation for the buyer seem more likely to me.
Posted by bank on March 2nd, 2010
suere21101 asked:
I am a first time buyer, and I have heard a lot about cash back @ closing, does anyone know what I need to do to get cash back to make improvements to the home?
I have already been approved for 100% financing and I have an approval letter.
Posted by bank on February 8th, 2010
I am the buyer in this situation. Other than attorneys fees, would there be any other lost monies if the bank has not approved the offer but only the property owner?Submited by:Gman
Posted by bank on December 8th, 2009
eddie a asked:
Can you just bring your loan up to date and have it restored? Does one have the right to owrk out a payment plan with the finacial institution? Can the payments be put on the end of your mortgage like in a forebearance case? If your house is sold by the bank do you get the difference between the loan and the equity present in the property? I owe @ $2500 on a 600k house in which my equity should be over 400k. Any suggestions?
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