The guy I am dating and I were fighting so I went through all his stuff. (bad I know) I found a statement from a well known bank showing that he owes them over 3 million. Now my question is, If he wasnt worth at least 3 mill. would the bank have extended this kind of loan and what is he hiding?
2007-08-28 14:45:19 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
i would be out of that house in a new york second!!!
2007-09-01 07:41:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If the money was used to purchase something worth $4 million, and that asset is pledged to secure the loan, most banks would make the loan. If your net worth was less than $100,000, would a bank loan you $100,000 for a house? That is basically the same question as the one you asked.
2007-08-28 22:13:15 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
to qualify for a loan all you need to do is have enough income to cover the payment and good credit, Unless that loan came from Tony the leg breaker!
2007-08-28 21:53:10 · answer #3 · answered by zib 2 · 0⤊ 0⤋
I DON'T KNOW. but, if i were you, I'm out. I don't want to associate with someone that sounds like a crook.
2007-08-28 21:55:25 · answer #4 · answered by earth angel 4 · 0⤊ 1⤋