Secret Finance

JohnPau2010 asked:


1) Is there a website where we can check as what banks are giving good mortgage interest rates ?

2) Do we have to look only local banks where I live ? If I live in ILLINOIS , do I have look for a lender or bank in IL only ?

3) Any suggestions as which bank is good ?

Jamerican Steve asked:


Neighbor A was selling their home on their and then the sign vanished from the yard. When I askeb Neighbor B (who had own it before) they said that because A is in banking, they have to have a Realtor.

Weird. Is that true and what other weird selling law are there.

The state in NJ in case you are wondering.

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.

saintsvalentine asked:


A realtor asked for my banking account information on a rental application for an apartment. Will they likely call the bank, and if so, what information are they looking for? How much i’ve got in the bank? THANKS

mel s asked:


What steps do I take? Do I check rates online? Call the bank I currently have mortgage with?

Steve t asked:


Bank are here to make money not to loose money, it looks like for short term that rates are low. What you think?

surfergina asked:


My current house isn’t sold yet and I don’t want to lose my new dream home, which the payment is due by September. Should I apply for a bridge loan or just get a new mortgage for my new home? Which one is less risky? If I get a new mortgage and I just sold my current house, can I put the cash to pay some off? Can I re-finance the mortgage and make the payment lower after pay some off?

johnny asked:


When they get their current residence under contract?
for a single family home

jes asked:


I’m preparing to put my home on the market, but I have already found the house I want to buy. I’d love to make a bid, but I need the money from my house sale for the down payment. My realtor suggested that I look into a bridge loan.

MommyMe asked:


We live in Ohio and are selling our condo. We’ve had it on the market for almost 7 months. We have found the house we’d like to buy and have been thinking of a “bridge loan” and yes, we know they can be very dangerous. Can we still get a 5/1 buy down on the house we want, and a bridge loan on our condo? Thank you in advance.