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Sep 28, 2017 - 34 minute read

Buying a house for another person with fha loan

Long gone are the days when banks were a community space, where the tellers knew your name and would help your family with short-term loans on a handshake. In the 1970's and 1980's banks were deregulated and they began merging with other institutions and creating financial products to make money from their customers. Prior to deregulation, or the gradual repeal of Glass-Steagall, banks would only collect on the interest paid on loans. Now, they have partnered with insurance companies and other financial institutions and have grown into enormous corporations.

They have moved away from the small community bank, thus moving away from their customers. They have lost their personal relationships and found new ways to make money. Banks have created financial products, such as overdraft protection, so they can charge fees for the service.

Buying a house for another person with fha loan

Mode of Payment: Over-the-counter at any PSBank branch nationwide BancNet ATMs nationwide and BancNet Online for clients who have deposit accounts in these banks Via PSBank Online for enrolled and activated PSBank accounts Client-initiated deductiondebit from PSBank deposit account only Fund Transfer from another PSBank deposit account. Terms and Conditions: Minimum of PHP 20,000. 00 Maximum of PHP 250,000.

Processing time: 5-9 business days. Advantages: Prime Rebate allows customers to earn rebates or savings when they make advance or excess payments on their PSBank Flexis monthly due. The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.

Buying a house for another person with fha loan

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