Does anyone really know how a mortgage is created?

amacmedic asked: The true facts about how a mortgage is created are known to very few people… even bank loan officers cannot answer this question!
I am looking to see what people know of the actual mechanics of how a mortgage is created. Lots of people know that they must fill out an application, have a [...]

Why is my bank raising there loan rates and the Fed is dropping there’s?

Joseph F asked: About 6 months ago I went to my loacl bank about building a home. It would be on a lot next to my business and its zoned commercial so they said it would have to be a commercial loan. The commercial rates are a bit higher and they said it would be [...]

Nosy loan officer?

jeffrey asked: Ok so I had my vehicle financed at a local bank in the city that I used to live in. I move last year and then a couple of weeks ago I wanted to refinance my truck in order to pay off some medical bills, so instead of going to the bank [...]

Citi Bank CITIASSIST Loan?

miamor asked: Hi. My friend is an international student going to grad school here in the US. She was offered the opportunity to apply for a student loan through Citi Bank for the CITIASSIST® LOAN. Has anyone taken advantage of these loans? Also, apparently they don’t need a US co-signer so what is Citi Bank [...]