Gee Red. You are hard on the banker. As for the banker not being your friend, unless you have done something to cause that in most cases your banker is your best friend. Or maybe you have experience with the wrong kind of bank. After 35 years of lending on homes and TRACTORS, I think I"m qualfied to chime in here. A lot of what you suggest is perfect advice. Young borrowers don"t want to hear about down payments and 20 year mortgages, but both are essential for financial health. TO add to what you have said, beware of predatory lenders. In my small community of 2500, I noticed this week alone there are 30 lawsuits involving real estate and foreclosures. Every lender is an out of town mortgage company. I will also say probably 29 of those 30 had no business trying to buy a home at this time. I guarantee none had any downpayment they had saved, and I bet their credit was bad. Sure a banker would look down his nose at those, but it"s the best advice they should have taken. Now they have totally ruined their credit, plus they have no where to live. A few simple suggestions: 1. Don"t expect the bank to buy you a home. Have a downpayment so it"s partly yours. 2. Take care of your credit history. 3. If you can"t afford to pay for it in 20 years or less, find a cheaper home. 4. Be prepared to furnish income verification, and personal details. That makes you look good. 5. Choose a community bank that needs your business, and you will be treated well. 6. And I hate to mention this, but wear your cap the right way, and pull up your trousers.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
