Real estate blog entries tagged with credit by Douglas Garbe, Real Living Real Estate Solutions (Real Living Real Estate Solutions)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Douglas Garbe, Real Living Real Estate Solutions : Douglas's Blog : Tag "credit"

credit: Money in the bank is a myth - 08/25/08 01:36 PM

I have spend the last two days talking with a good friend of mine who just bought a house. His job is to secure loans for people with low income and bad credit. He explained to me his theory of how the banks work.
I know this can't be right. God, please don't let this be right.
Here goes:
When a person goes into a bank and asks for a loan, the bank does not print a new bill or mint a new coin. All that happens is that a person (probably my friend) types the amount of the loan into … (16 comments)

Related Links:

Douglas Garbe, Real Living Real Estate Solutions

Orlando, FL

More about me…

Real Living Real Estate Solutions

Office Phone: (407) 253-1377

Cell Phone: (407) 234-7033

Email Me

Links

Archives

Find FL real estate agents and Orlando real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.