Bank One is very conservative. They can give good rates. They will probably demand a lot from you if you dont already have a good relationship. Be prepared for a complete loan package if your going to use them! Good credit and down pymt a must.
Your question is kinda vague. Are you trying to finance a home to live in or an investment loan. Either way, BankOne is probably NOT your best bet. I have three accounts with BankOne
However -
I just bought a $162,000 mortgage note for $90,000 last Friday and I have been given access to all of their mortgage notes under $30,000 which could turn out to be a junior investors dream come true.
I'm not getting off-topic here because I purchase notes as a "part" of my loss mitigation strategy to help homeowners who are in trouble with their mortgage.
BankOne has a very user- friendly asset management department.
My advise is to get a good mortgage broker who can tailor loans to you needs.
I tried them before and almost lost a deal, they keept telling me you are good to go , then they come back with another demands, at the end i went with a different back to get that deal, good luck. :evil:
i currently bank with BankOne. They can give you great interest rates for frequent customers but yes they do demand to much, there are plenty of lenders out there, dont limit yourself to only one.
thank you for the replies. i guess i did not make my question clear. i see a few bank one owned properties in my area(listed by agent). there is one property has been there for month, for the price they list it is never going to sell. so recently one property was lowered $10000 and that is still impossible to sell. Are they alway expecting that much what are they going to do if they cannot sell the property with the price they are hoping for?
They have great services, but they are pretty tough on late payments. I have them for my AAA cc, and if I'm a day late, they want to raise my rates. They've forced me to be much more attentive to paying my bills. I'm looking at closing out my account with them though because of the high interest rates.
I have. Not sure what you mean by price wise.
Bank One is very conservative. They can give good rates. They will probably demand a lot from you if you dont already have a good relationship. Be prepared for a complete loan package if your going to use them! Good credit and down pymt a must.
Your question is kinda vague. Are you trying to finance a home to live in or an investment loan. Either way, BankOne is probably NOT your best bet. I have three accounts with BankOne
However -
I just bought a $162,000 mortgage note for $90,000 last Friday and I have been given access to all of their mortgage notes under $30,000 which could turn out to be a junior investors dream come true.
I'm not getting off-topic here because I purchase notes as a "part" of my loss mitigation strategy to help homeowners who are in trouble with their mortgage.
BankOne has a very user- friendly asset management department.
My advise is to get a good mortgage broker who can tailor loans to you needs.
C- :-o
I tried them before and almost lost a deal, they keept telling me you are good to go , then they come back with another demands, at the end i went with a different back to get that deal, good luck. :evil:
i currently bank with BankOne. They can give you great interest rates for frequent customers but yes they do demand to much, there are plenty of lenders out there, dont limit yourself to only one.
thank you for the replies. i guess i did not make my question clear. i see a few bank one owned properties in my area(listed by agent). there is one property has been there for month, for the price they list it is never going to sell. so recently one property was lowered $10000 and that is still impossible to sell. Are they alway expecting that much what are they going to do if they cannot sell the property with the price they are hoping for?
Then they list them on the market. THey are generally for around market value.[ Edited by WiForeclosures on Date 05/22/2004 ]
They have great services, but they are pretty tough on late payments. I have them for my AAA cc, and if I'm a day late, they want to raise my rates. They've forced me to be much more attentive to paying my bills. I'm looking at closing out my account with them though because of the high interest rates.
HTH,
Robert
[addsig]