@@Skinner90210we check for established revenue from prior yrs and paper trail. This does not work in real life. The other options he's talking about is like a advisor telling you no to his plan of just getting 20k and presenting you with a more secure CD or investment product which requires $10k to $150k plus that you put up and then your able to draw on that interest earned at a term rate, equity, or a LOC. The house always win in banking
I work at the bank. 🤨 This is ridiculous. 😒 If you don't already have the funds, history established revenue, or great credit...and come in asking for money to do this.... we do KYC and other things. That Advisor is going to tell you to have good day sr. 😂 This is the risky ppl national banks don't go for. Youll come out better at a small local bank or CU where decisions are more so made at a Manager lever.
@@naturalsouthernbelle4327 Hey lets say i want to sell a car i found, & have a guaranteed buyer. I want a loan for 4,000 to buy the car from the original seller, I have good credit and make decent incom, I just dont have the the funds for it. would i be approved or is it waste of time?
With all due respect but if U want a rehab loan the last thing I would do is to “walk into” a bank and ask for one. Instead look for your friendly, experienced, capable neighborhood Morgage broker and he/she will offer a myriad of options with a multitude of banks and together you choose what works best for you. The bss as no you walk into can only offer you whatever loan plans they may have develop and nothing else. But if you allow your mortgage broker to do his job, now you have options.
Hey! I love your content! We are looking for speakers that would want to be a part of our events in Utah, Las Vegas and Arizona. Would this be something you'd be open to hearing more about?
So do you get that property appraised before you let bank know what would be the value of the property once its finished? And are there appraiser you can hire to get that done?
The one time youtube actually provides good advice
The power of the use of language!
Yes.
Bro this goes beyond talking to the bank, this goes to any place you’re inquiring
You forgot to mention that u should be making good money to get that 20 per cent or they will throw ur ass out of that bank if ur broke
What if u have good to excellent credit tho?
@@Skinner90210we check for established revenue from prior yrs and paper trail. This does not work in real life. The other options he's talking about is like a advisor telling you no to his plan of just getting 20k and presenting you with a more secure CD or investment product which requires $10k to $150k plus that you put up and then your able to draw on that interest earned at a term rate, equity, or a LOC. The house always win in banking
@@Skinner90210doesn’t matter without proof of income
@@Skinner90210Credit scores are useless. It’s the inside of your credit that matter. But 800 score is trash
Exxxxactly 😂😂😂...throw you out real quick..need that CD
I work at the bank. 🤨 This is ridiculous. 😒 If you don't already have the funds, history established revenue, or great credit...and come in asking for money to do this.... we do KYC and other things. That Advisor is going to tell you to have good day sr. 😂 This is the risky ppl national banks don't go for. Youll come out better at a small local bank or CU where decisions are more so made at a Manager lever.
If i have the funds why would i get a loan?
Every person has their reasons. If you don't need it then it wouldn't apply to you.
@@naturalsouthernbelle4327
Hey lets say i want to sell a car i found, & have a guaranteed buyer. I want a loan for 4,000 to buy the car from the original seller, I have good credit and make decent incom, I just dont have the the funds for it. would i be approved or is it waste of time?
Quick question what do I ask if I’m trying too get a property build a house and sell the house after ?
...what is "KYC"?
Tony- you’ve dropped a GEM! Thanks
With all due respect but if U want a rehab loan the last thing I would do is to “walk into” a bank and ask for one.
Instead look for your friendly, experienced, capable neighborhood Morgage broker and he/she will offer a myriad of options with a multitude of banks and together you choose what works best for you.
The bss as no you walk into can only offer you whatever loan plans they may have develop and nothing else.
But if you allow your mortgage broker to do his job, now you have options.
Thanks for the nugget! Good stuff!
This one clip is GOLD!!!!
Big thanks!
Or they’ll do what’s in their best interest and try to make as much money as possible off of you. Don’t put the negotiating power in the banks hands.
i love this. learned so much thank you!
Brilliant. Thank you
Hey! I love your content! We are looking for speakers that would want to be a part of our events in Utah, Las Vegas and Arizona. Would this be something you'd be open to hearing more about?
I just feel like theyll try to backdoor me
I was just gonna give them a note and a bag
😂😂😂😂
wtf dude thats crazy what you say ! I LIKE IT (Y)
So do you get that property appraised before you let bank know what would be the value of the property once its finished? And are there appraiser you can hire to get that done?
This is exactly where I am stuck at !! Even as a beginner business owner will this work ??
What if the money is for a dump truck but I tell them this
Good