Mortgage Finance
When buying a new home, do I have to use the builder’s bank to finance my Mortgage?
I bought a new home from the builder. The builder deals with a certain bank and they want me to get my mortgage from the same bank they are dealing with. Do they have the rights to do this? Or, am I free to choose whichever bank I want?
YES AND NO’
SOMETIMES BUILDERS MAKE A PACKAGE DEAL WITH A LENDER ,WHO IN TURN CAN OFFER TERMS AND RATES THAT OTHER LENDER WOULD
NOT.ANOTHER ISSUE IS ,IF THE PROJECT IS A NEW HOUSING TRACK,MOST CONVENTIONAL LENDERS WANT TO SEE AT LEAST HALF THE PROJECT HAS BEEN SOLD.WHERE AS BUILDER ‘S PREFERD LENDER MAY NOT HAVE THAT CONDITION.BUILDER’S LENDER CAN ALSO OFFER REDUCED COST,BECAUSE OF MASS BUSINESS.
Second Mortgage Crisis 60 Minutes (Finance)
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Five Great Reasons for Big Mortgage [VHS] $19.95 … |
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Suze Orman: The Courage to Be Rich $10.75 Studio: Paramount Home Video Release Date: 09/30/2005… |
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Vintage Mortgage & Loan Officer Film DVD: Historic 1959 Mortgage & Banking Industry Film The Road To Better Living $8.49 This historic film is a testimonial to the classic days of the powerful mortgage loan officer and stock broker…the man who knew everyone in the town and managed everyone’s refinancing! This is the only place you’ll find this rare film, an educational gem about the finance industry and the salesmen who ran it during this time period. Running time 24 minutes. Table Of Contents: (1) The Road To Bet… |
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Financial Tools (PC CD Boxed) $6.09 A comprehensive software application designed to assist individuals in analyzing and making informed decisions about personal finances. This easy to use program includes many powerful finacial tools for all users levels. With a comprehensive help system and easy financial wizard to get you started! Mortgage calculations including advanced options such as lump-sum payments and re-financing options…. |
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