When it comes to all those mortgage-backed loans brokers aren't supposed to be pocketing any extra cash though there’s always some kind of loophole if one tells you that you need to pay fees upfront—just tell them to tack it onto the loan itself and you'll see pretty quickly what kind of person they really are
Every single bank has its own specific set of service fees If you're pulling cash directly from a teller or one of their own ATMs, you won't see any extra charges—but if you try to use an out-of-network ATM from a different bank, they'll hit you with a fee Honestly, your best bet is just to sit down and look over the fee schedule at the branch to see exactly what the damage will be
From what I can gather, things in cities like Denver and Austin haven't moved an inch yet—apparently, they’re stuck in some kind of internal bank audit loop As for the others, I haven't a clue
From what I gather, you can't just go at it directly since you aren't an American citizen —that's the hurdle. That’s why they employ representatives to push those loans through the system —essentially acting as middlemen who work right for the banks .
Look, I didn't exactly have the cash sitting around to cover the contract notarization and translation fees upfront—so yeah, I just put it all on my credit line The notary and the lawyer both sent over their invoices for that specific amount Between the processing fees and the bank charges, you're looking at about 6% If you just handle the translation and notary costs yourself, they only dock you that 6% fee
And within that 6%, the bank covers the travel to the States, shipping all the paperwork back to the US, and I think about 2% of that is just straight-up loan processing fees
On a $20,000 transfer, I ended up walking away with $17,900 That covers everything—bank fees, contract prep, the wire, notary costs, all that junk Basically, every single expense was baked in
You can spend it on whatever you want It’s straight cash in your hand
And just one more thing, a lot of people make a massive mistake when they start handing over paperwork to every single agency they can find every single application you submit stays logged in the bank's system—it’s all digital now take the banking system in Europe, for instance—all those major institutions are interconnected, regardless of which branch you walk into if you get flagged or rejected at one bank, don't expect much luck elsewhere; it'll almost certainly be a rejection there too
I’m with you on this—don't waste a single cent on some appraisal fee. It’s never going to actually solve anything for you. No middlemen handle these valuations anyway. Usually, an actual banker from a big outfit like Chase or Wells Fargo shows up in person, takes one look at the property, and decides exactly how much credit they're willing to extend based on what they see. They tend to lowball the value quite often, too, mostly because they know exactly how desperate people can get in this economy. I’ve handled a few loans myself over the years, and I never paid a dime for appraisals—just the standard notary fees and those public filing costs. But honestly, that was only once I actually showed up in the States to collect the funds. By the time they actually cut the check, the amount they handed over was significantly lower than what I expected.
Around here, most banks are obsessed with checking everything against the Red Cross records and those blacklists, you're better off selling through some international outfits—like an outfit based in the USA—because they don't give a damn about all that.
I went through the exact same thing—my employee refused to acknowledge the transaction, wrote down a smaller amount on the receipt, and basically pocketed the difference. If you know anyone with some actual influence, you should reach out. If she refuses to admit what happened like they did in my case, there’s security footage that shows exactly how much cash was handed over at the teller window.
ruggedhawk182 said:I've been following this thread closely too. Is it actually cheaper to take out loans abroad? We’re looking at a mortgage for about $75,000, and with two co-signers, we have the credit standing to qualify at Chase, but I'm wondering if we'd get a better deal by looking outside the country. How can I research this without having to hire a translator just to cross the border? thanks.
Over there, you might only get a 15-year term max, whereas banks here will offer you much longer stretches. You don't need a translator to cross borders—you handle all the paperwork right here domestically. Your best bet is to find a professional loan officer, send them everything you've got, and let them run the numbers so you can coordinate with them—then just compare the math yourself to see whether staying local or going international makes more sense.
We actually went out and pulled a mortgage-backed personal loan through RBA It’s totally legal—none of that radical activist nonsense here We put up the house as collateral and secured the loan without any drama We just headed straight over to the bank in Austria to grab the cash The interest rate sits at 7.58%—they don't care about your credit score or whatever status you have All they care about is the mortgage; if you miss a few payments—though you can usually work something out then—they just sell the property The loans run for 15 years, and honestly, my monthly payment is lower than what I’d end up with here once I sit down to crunch the numbers I’m perfectly happy with how they handle things, whereas the banks here just brushed me off The whole process took somewhere between 30 and 45 days Plus, my lawyer pointed out it’s smarter to pay the installments directly in Austria; otherwise, they’d have to report the loan to the Federal Reserve, which basically flags you as having taken out a loan in America immediately
That’s just the reality of it—no bank wants to touch this stuff, so they won't take it on, and honestly, they’d much rather just refuse the loan altogether than deal with the headache.
Has anyone here actually taken out a loan through JP Morgan Chase lately? I heard a rumor they’re handing out $10,000 unsecured loans—no co-signers needed. What are the actual terms like?
See, I’m currently sitting on a blacklisted credit score and still have one active loan hanging over me. Is there any bank out there where you can just walk in, talk to someone, and maybe get them to look the other way so I can just close this thing out?
So, I’ve actually dealt with JPMorgan Chase before, specifically their Austrian branch I took out a $50,000 loan from them about a year back Local banks here wouldn't touch me—too many excuses, things like not having enough reported income, being a single parent with two kids, or some nonsense about being near the social safety net threshold Honestly, I don't even know half the hoops they try to make you jump through, so I just turned to Austria instead It was easy; based on the house I put up as collateral, I could have easily pulled $75,000 Instead, I went with $50,000 over a 15-year term, and my monthly payment sits at around $658, which includes life insurance I don't have the exact numbers for the appraisal costs, and legal fees were pretty standard—most people end up hiring their own lawyer anyway The commission was 6% They didn't make it a massive ordeal like the banks here do, and everything was finalized in about a month and a half All in all, I'm satisfied though if I had tried to do this locally, my monthly payment would probably have been closer to $667 over a 25-year stretch