911 help please????

**mourak** · 10-06-2009, 06:59 AM

My friend would like to buy a house.(first home buyer). her broker said she ll be approve for
120k. with %10 down and the rate is %3.5.
But she have in her saving account,more than120 k,
now she is afraid to provide a statement with that amount of money,because the bank ll change her rate from %3.5 to up.
what can she do,or what her options.
please help and thanks for any answer

**dognponyshow** · 10-06-2009, 03:15 PM

I'm not making this remark only to the OP, it's to everyone who asks a general question such as this one -- it would be SO VERY useful if we could know WHERE the question situation is located, or at least what country.

I'm not quite sure what the question here is. First, a real estate broker telling a potential buyer what they can qualify for is about as useful as a plumber forecasting the weather. The buyer, before making an offer on any property IN THE US should meet with a loan officer and get an approval letter. But maybe you meant a mortgage broker.

As to whether the loan rate would be adjusted upwards if the potential buyer has more money in the bank (which is what I THINK is the question) that's backwards. Rates are lower for people who have MORE money, not less.

This buyer really needs to speak with some lenders; not mortgage brokers, but loan officers from lending institutions.

**mourak** · 10-07-2009, 02:36 PM

Originally Posted by dognponyshow

I'm not making this remark only to the OP, it's to everyone who asks a general question such as this one -- it would be SO VERY useful if we could know WHERE the question situation is located, or at least what country.

I'm not quite sure what the question here is. First, a real estate broker telling a potential buyer what they can qualify for is about as useful as a plumber forecasting the weather. The buyer, before making an offer on any property IN THE US should meet with a loan officer and get an approval letter. But maybe you meant a mortgage broker.

As to whether the loan rate would be adjusted upwards if the potential buyer has more money in the bank (which is what I THINK is the question) that's backwards. Rates are lower for people who have MORE money, not less.

This buyer really needs to speak with some lenders; not mortgage brokers, but loan officers from lending institutions.

thanks for the answer,even you dont know much about the q,but its ok,simply they are news rules for the game
i was talking about first home buyer,he should quantifies between 3.2%
to 5 %. and the country is china:lol, of course is usa.
thanks for your answer