Sara asked:


I am in the process of buying my 1st home. What I dont understand is that the mortgage company is charging more interest than the borrowing amount but the interest rate is what I see advertised everywhere in my area?? When I calculate the interest on the loan it is completely different from what they are telling me. Is it normal to pay more interest on a home loan?? Or what is normal?
Right now if I go with this loan it is like I am paying for two houses or an amount that I would have never considered on a home before because it would seem out of my range. I dont get all this so any help is very much appreciated. I would love to think I am making a good choice if it is…..I really like this home.

ARRON

Stew McGravy asked:


I have been running a small business for nearly 20 years and my current bank has decided that they don’t want me as a customer. My current relationship includes the following products:
-Business Checking
-Merchant Services
-Business Credit Card
-Business Credit Line
-SBA Loan
-Home Mortgage
-2 Personal Checking Accounts
-2 Personal Savings Accounts

Ideally the bank I choose would be able to handle all of this.

NORBERT

child_n_light asked:


I am planning on leaving my job for another after the 13 of July but we are in the middle of buying a home and I don’t want to give the mortgage loan officers a reason to question if we can afford it ( WE CAN). Can I put in my resignation now to give two weeks notice or should I wait until after we close in case the mortgage people check my status. Do they do that?

CLEMENT