US Banks hate, hate having to deal with real estate, due to all the regulations involved if you default on the loan. So they purposefully setup alot of gatekeeping hoops to prevent you from getting said loan.
For example, if you, like me, wanted to buy raw land(no development, no house), you're shit out of luck unless you go specifically to a bank designed to handle such things. And you're still going to be jumping through hoops - land evaluation, land surveys, checking with laws in the local county, ect, ect.
This is why the entire Trump prosecution blows my fucking mind on how blatantly political it is. The far reaching repercussions are going to be insane, and we probably won't see full results for several decades - and by then they'll make excuses as to why all said bullshit happened.
unless you go specifically to a bank designed to handle such things
That doesn't sound like a bad thing. Getting a mortgage from Bank of America isn't exactly this spectacular win. Especially if they won't understand what you're doing.
US Banks hate, hate having to deal with real estate, due to all the regulations involved if you default on the loan. So they purposefully setup alot of gatekeeping hoops to prevent you from getting said loan.
For example, if you, like me, wanted to buy raw land(no development, no house), you're shit out of luck unless you go specifically to a bank designed to handle such things. And you're still going to be jumping through hoops - land evaluation, land surveys, checking with laws in the local county, ect, ect.
This is why the entire Trump prosecution blows my fucking mind on how blatantly political it is. The far reaching repercussions are going to be insane, and we probably won't see full results for several decades - and by then they'll make excuses as to why all said bullshit happened.
That doesn't sound like a bad thing. Getting a mortgage from Bank of America isn't exactly this spectacular win. Especially if they won't understand what you're doing.