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<blockquote data-quote="Yoby" data-source="post: 181020" data-attributes="member: 631">So the situation is that a person came to look at our house. Once I had his name I did a bit of research and found he is a realtor. Not a big deal, he indicated he was looking for himself. He and his wife look at the place 2 more times and he puts in his first offer. Not a full offer, but the top number was something that you could start negotiating with, until I started reading through the rest of the PA. He added in that he wanted 6% and 5K towards closing. Since then he has also indicated that the money from the 6% and 5K are the majority his down payment. Talking with a couple people, they have indicated this might be &quot;creative&quot; banking. I have no interest in party to &quot;creative&quot; banking. An that is why I am looking for someone that knows something about the banking side to tell me the ins/outs of banking for mortgage. It would be the sentence with the question mark (?) behind it.</blockquote>

[QUOTE="Yoby, post: 181020, member: 631"] So the situation is that a person came to look at our house. Once I had his name I did a bit of research and found he is a realtor. Not a big deal, he indicated he was looking for himself. He and his wife look at the place 2 more times and he puts in his first offer. Not a full offer, but the top number was something that you could start negotiating with, until I started reading through the rest of the PA. He added in that he wanted 6% and 5K towards closing. Since then he has also indicated that the money from the 6% and 5K are the majority his down payment. Talking with a couple people, they have indicated this might be "creative" banking. I have no interest in party to "creative" banking. An that is why I am looking for someone that knows something about the banking side to tell me the ins/outs of banking for mortgage. It would be the sentence with the question mark (?) behind it. [/QUOTE]

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