Question: We had another offer from someone out of state. It was another
> prequalification thing by a bank in a THIRD state. It actually was not a > very good offer and when we realized that the prospective buyer worked for > a bank, but was applying for a loan prequalified from a bank in a different > state, we just turned it down cold and didn’t even mess with it
Answer: I worked in a bank for several years. I only know of only one bank employee that did her loan there. She walked into the employee lounge one day to overhear 5 or 6 people in the mortgage department discussing her student loans. After that none of the employees would take a loan at our bank. Everyone financed through a competitor. Also, the person may have worked in a bank that did not have competitive interest rates. Employees should shop around just like any other consumer would.
Related posts:
- Pre-approved home loan OK? Was “Help me buy hpuse”
- Is it likely I could qualify for a home loan?
- Debt question
- Avoiding PMI: Question about Home Loan
- How to look for a home loan
- Home Loan/ Credit Question
- Help on Home Loan
- Student loan consolidation–HELP!
- Any “gotchas” with home loan
- Need a home loan or refi?
- Avoiding PMI on new mortgage
- VA Loan Closing Costs – Being Charged Unauthorized Charges