Can a bank withdraw funds from an account I have at a different bank to pay an overdue loan?


Posted October 27th, 2009 by admin 1 Comment »
bank
Martha B asked:


I have a mortgage with a bank. The renters left and I have no way of covering the mortgage until I get new renters. The bank took the mortgage out of my checking account. If I close this checking account and open another one at a different bank can they access my new checking account to get their funds.

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Posted in Personal Finance | 1 Comment »

what is the current bank rates for corporate bank loans and long term debt such as a bond?


Posted March 9th, 2009 by admin 1 Comment »
bank rates
nikki asked:


I am working on a class assignment and am trying to finance a plan of a joint venture between 2 companies and need the going rate on short term debt like a bank loan and long term debt such as a bond or bank loan also.

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Posted in Other - Business & Finance | 1 Comment »

what is the risk borrowing home loan from a small and new bank?


Posted January 31st, 2009 by admin 3 Comments »
home loan
h.f. asked:


I am having a traditional loan application with a big bank. I just found a small bank in Florida, founded in 2004, is offering better rate and cost compared to those big famous banks. The small bank is member of FDIC. Somebody told me small bank may not follow federal regulations. How do I tell if a bank is a qualified home loan lender that follows all lending regulations? What is the risk borrowing home loan from a small bank?

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Posted in Renting & Real Estate | 3 Comments »