US BANK
Posted: Sun Jun 26, 2005 5:34 pm
Murray, I would like to direct this to you, since you suggested that I contact US Bank for a good interest rate on a home only loan. (If anyone else has a helpful comment, please reply). I checked with one branch here in El Cajon, CA and they will only loan on the appraisal of the home I'm putting on the space in the park. They don't take into consideration that I had to purchase the old home on the space. That amount is added onto the cost of my new home that I will be building. This, of course, brings the loan amount a lot higher than the actual cost of the new home. I called a phone number that was in "Modern Home Magazine" and they said they only service the northern part of the State of California, but probably will service the southern area by the end of the year. Mr. B. Couglin answered my previous posting but never got back to me. Still would like to hear from him. Anyway, Origin Financial will give me the amount I want at 8.25%. Maybe if I can find a US Bank later down the road, I can always refinance. Thanks Murray and to all.