Can a home seller legally require me to qualify with their lender?

Question: “I just made an offer on a home. I’ve been qualified by a mortgage broker I know, but the seller wants me to qualify with a lender they know. Is this even legal? I’m a private person and don’t want to share my personal information.” Answer: Yes, it is legal. What may or may
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How do I get a good home loan rate?

Question: “We’re going to be buying a home in a couple of months and want to get our finances in order so we can get a good loan rate. What do you recommend?” Answer: Here are the Ten Commandments Of Getting A Home Loan: Thou shalt consult with a lender six months before getting a
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Are Banks to Blame for the Bureaucratic Loan Process?

Question: “[Bank name] is ridiculous! I just refinanced and they asked me for the stupidest things to verify things that shouldn’t even matter and frankly isn’t really any of their business. I will never use them again…” Answer: I don’t blame you for being angry. And frankly, I get mad and frustrated with lenders too.
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Why You Can’t Use Cash For Down Payments

Question: “I run a cash business. Since banks pay so little interest, I keep most of it in a safe. Now I want to buy a home and someone told me that it’s a problem using cash for a down payment. Why would that be a problem?” Answer: OK, so I’m not going to ask
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Should You Go to Where You Bank for a Mortgage?

“Do you recommend I go to where I bank to get a mortgage? Will they give me some kind of preferential treatment?” Answer: The answer would have been “yes” 50 years ago. However, today it’s very rare for a bank to give any significant benefit to one of their customers who gets a mortgage. Call
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Learning More About Home Refinancing

“Dear Mr. Kent, do you have some kind of reading material about home refinancing? We would appreciate it if you can send us some materials on this matter because we are seriously thinking of refinancing our San Diego home before our adjustable loan gets mature.” Answer: Thanks for your email. Since I don’t handle mortgages
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