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Yes, a builder can require a homebuyer to use a specific lender for financing, but the homebuyer has the right to shop around for other financing options.

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5mo ago

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Can a builder legally require you to use their lender for financing when purchasing a home?

Yes, a builder can legally require you to use their lender for financing when purchasing a home, as long as it is disclosed upfront and does not violate any laws or regulations.


What financing instrument does not require a judicial foreclosure in case of default by the borrower?

deed of trust


Are there any zero credit car dealerships in the area that offer financing options for individuals with no credit history?

Yes, there are car dealerships in the area that offer financing options for individuals with no credit history, but it is uncommon to find zero credit car dealerships. These dealerships may require a down payment or a co-signer to secure financing for those with no credit history. It is recommended to research and contact local dealerships to inquire about their specific financing options for individuals with no credit history.


What Does The Term Acquisition Financing Mean?

Acquisition financing is the money provided a buyer of a business to pay for the purchase. That is distinct from the financing needed to operate the business once it is acquired. Often, when a buyer is acquiring a business, it will require both acquisition financing (which is typically longer term financing) and financing to meet the day-to-day needs of the business following the acquisition.


Where can one do their purchase order finanacing?

"You might go to a bank or similar small business lender to review your options. Many small business require this type of financing, and with your company's financial records, you might secure a loan for financing."

Related Questions

Can a builder legally require you to use their lender for financing when purchasing a home?

Yes, a builder can legally require you to use their lender for financing when purchasing a home, as long as it is disclosed upfront and does not violate any laws or regulations.


Can a dealership require you to use their financing rather then go through your own lender?

No.


What financing instrument does not require a judicial foreclosure in case of default by the borrower?

deed of trust


Where can kitchen designer jobs be found?

There are many different businesses that would require the skills of a kitchen designer. One such place to find jobs looking for this specific skill set is "Indeed" or "Career Builder."


Are there any zero credit car dealerships in the area that offer financing options for individuals with no credit history?

Yes, there are car dealerships in the area that offer financing options for individuals with no credit history, but it is uncommon to find zero credit car dealerships. These dealerships may require a down payment or a co-signer to secure financing for those with no credit history. It is recommended to research and contact local dealerships to inquire about their specific financing options for individuals with no credit history.


How hard is it to get a mortgage to build a home?

Many builders offer a kind of financial program to buy within their residential areas. You can often get lower rates for new homes through builder-funded programs. You don't have to worry about closing costs, and you may need less to pay for them. Home Build Mortgage do not require the mortgage for home construction. Although it may be different than auto financing through sales and manufacturer financing.


What piercings require specific safety precautions?

All piercings require specific safety precautions.


What Does The Term Acquisition Financing Mean?

Acquisition financing is the money provided a buyer of a business to pay for the purchase. That is distinct from the financing needed to operate the business once it is acquired. Often, when a buyer is acquiring a business, it will require both acquisition financing (which is typically longer term financing) and financing to meet the day-to-day needs of the business following the acquisition.


Most states require specific vaccinations for pets?

Yes, most states require specific vaccinations for pets.


Where can one do their purchase order finanacing?

"You might go to a bank or similar small business lender to review your options. Many small business require this type of financing, and with your company's financial records, you might secure a loan for financing."


What are some benefits of short term financing?

Short term financing usually lasts one to two years. Advantages include ease of negotiations, low cost of servicing and short term loans usually do not require collateral.


Do people in tornado alley have to have tornado insurance?

It's not generally a law, however, mortgage companies would require it to approve financing.