FDIC
Seriously
This pretty much sums up how I feel right now. So let’s review the current mortgage situation. First bank choice: Seized by the FDIC while I am gathering information. Second bank choice: Basically told to look elsewhere. 40% of my income is unusable as it comes from my business… which claimed a loss last year. [...]
Hurdle number two
Much more progress was made in today’s visit to the bank, but I still don’t have a final answer. After nearly two hours of sharing papers, answering questions, and copying copies of documents, it was pointed out that not all of our needed paperwork was in order. Later in the afternoon, what should now be [...]
Well that explains a lot!
In one form or another, I’ve been involved with National Bank of Commerce in Berkeley for roughly 10 years. Since they’ve always been good to me and are in the same city as the house, they were my first choice for a mortgage. I contacted the vice president, and he put me in touch with [...]