Secret Finance

Wonderer asked:


Do you know of any specific banks (especially in Texas) that are known for good relationships with small (and new)businesses. Some big banks force you to have a Very long relationship before giving you a large line of credit. I am trying to avoid these banks. Any ideas or names?? Thanks

Mechanicboy asked:


I have a FICO score of 725 so I’m thinking if I find the right bank I could still get a home loan even in this economy, but which banks should I apply at first? I live in Northern California and want a fixed rate loan.

PrettyBoi asked:


Im trying to open up and new bank account so half of my direct deposit can go in that and i can save. Anybody know what banks dont make u deposit any or not alot of money?

alison a asked:


I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I’m having trouble finding it wholesale. Thanks!
I do know what a spec home is
My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she’s unfamiliarr with? I’ll ask her again. Thanks!

maganda asked:


Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.

Brandon Roberts asked:


This is my first time opening a checking account. My question is what would happen if my account were to have been overdrawn and remained so for many months, and finally the bank decided to close the account because it was inactive? Does the bank still try and send for their money or does the charges just go away? Will it effect me opening another account with a different financial institution?

Billy asked:


I have a business checking account (sole proprieter) and a personal checking account. I will at times transfer money from my personal account to my business account when funds get low or if my business account has more money, I will transfer some to my personal account to spend freely. Is this a wrong way to be doing things? Should I be doing some sort of documenting? Does the IRS care about this come tax time even if I keep track of sales for the business?

astatine asked:


I discovered two disturbing things:

1) one can initiate electronic transfers as soon as you know the institution code and bank account number, both readily found on any check. I did this from my wife’s checking account to our joint mutual fund account at a different institution, and I cant see how the bank verified it was legit.

2) you can call my bank and say “I have a check from XYZ who has an account # 123 for $xxxx. Will it clear?”, and they will readily say aye/nay, indirectly telling the caller how much is in the account.

Bottom line - what’s to prevent someone who receives my check from using the numbers on it to call my bank to get an idea of how much my account has, and then transferring it to Timbuktoo?
I’ve never encountered the safeguards described while transferring money. eg. to pay our insurance bill online, we enter routing number and account number inthe insurance company website, and off goes the money - no pin number, no matching SS#, nothing.

Regarding info about the balance in an account, all someone has to do is ask “I have a $5000 check - will it clear?” If the ans is yes, then you know there’s 5 grand.

C.S. asked:


I have a checking account already established with a credit card from the same bank. I am unhappy with the service I have received with them and I am planning to switch to another bank.

Before I close my current account, I would like to know should I start my new checking account with the new bank now and apply for a card when the account is established?

Or should I apply for a credit card now before I start the new account?

My concern is closing my current account and starting a new checking account with a new card would not look favorably for my credit. However, would starting the new checking account first make approval easier since I would have an account established with the new bank?

pink_carebear_girl asked:


I bank through 2 banks and I closed the 1 not too long ago and both my checking account checks are identicle. I used a check from my closed account by accident for $79 the other day and realized it was the wrong checking account book. (My old checking account was for one’s that are in the checking account and offered a second chance for a small fee a month.) What will happen?