I believe in the
principle of
Due Process
| I think it will be an uphill battle to get a bank to lend on out of state property. Virtually all residential real estate loans are made to be resold in the secondary mortgage market, not kept by the originating lender. The loan must meet very exacting standards, both underwriting and documentation. Talk to the brokers you deal with on the purchase, prior to making an offer to get some recommendations.
Luckily, I have enough willpower to control the driving ambition that rages within me.
When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown |
| | | Posts: 48369 | Location: Texas hill country | Registered: July 04, 2005 | 
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| quote: Originally posted by 1gkek:
We bought our home in Mo through our old credit union in IL (CEFCU) and still do all our primary baking with them to this day, 18 years later. No problems at all.
Thanks, everyone for the replies. 1gkek, CEFCU is our lender for a car loan now and that's who I was thinking of using here in Illinois. |
| | | Posts: 346 | Location: Central Illinois | Registered: December 10, 2015 |
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| quote: Originally posted by Killer:
Thanks, everyone for the replies. 1gkek, CEFCU is our lender for a car loan now and that's who I was thinking of using here in Illinois.
CEFCU has always been easy to work with and their rates have never been beat locally on cars (I've bought... too many). We've got an account at a local credit union for the times when we need local access to money, but our direct deposits, mortgage, and car loans are all at CEFCU back in Peoria. We're very satisfied customers. |
| | | Posts: 845 | Location: STL | Registered: January 07, 2011 |
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His Royal Hiney
| quote: Originally posted by MWills:
Get a loan wherever you get the most favorable terms.With today's global real estate market you have a lot more options.
Yep. Lenders have to be licensed in the state. And lenders are licensed wherever they do business. Credit Unions often are licensed wherever they have customers.
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
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| | | Posts: 20255 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011 |
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