@jkmystery wrote:
I see A LOT of high paying mortgage shops in my area. I don't mind doing narratives. But if I understand the requirements to get the entire fee, you make an appointment and actually sit down with a mortgage person. Who I assume is going to require me to complete and application and will run my credit to determine my eligibility for a mortgage.
Is my assumption correct? If so, that's going to ding my credit so I'm not interested (it's over 800 and I want to keep it that way!) Any way around this?
@parkcitybrian wrote:
@jkmystery wrote:
I see A LOT of high paying mortgage shops in my area. I don't mind doing narratives. But if I understand the requirements to get the entire fee, you make an appointment and actually sit down with a mortgage person. Who I assume is going to require me to complete and application and will run my credit to determine my eligibility for a mortgage.
Is my assumption correct? If so, that's going to ding my credit so I'm not interested (it's over 800 and I want to keep it that way!) Any way around this?
here is my unequivocal anti-nike answer....JUST DON'T DO IT. regardless of what anyone might tell/advise you just DON'T DO IT.
@HonnyBrown wrote:
myst, you can provide alternate forms of identification in lieu of your SSN. Because I know this can be done, I am adamant about it when I open the account. I've never been rejected from a shop because of this.
[/quote]@SweetNShy wrote:
I use an EIN its helps prevent fraud.
quote=HonnyBrown]
myst, you can provide alternate forms of identification in lieu of your SSN. Because I know this can be done, I am adamant about it when I open the account. I've never been rejected from a shop because of this.
@jkmystery wrote:
I used to own two different small businesses. Each had their own EIN and both were soke proprietorships. When I went to open checking accounts for those businesses, I had to show that I had registered the dba with the Secretary of State. This may have been applicable only in Arizona (where I lived at the time).
@myst4au wrote:
The only way you can avoid providing a SSN when you open a checking or savings account is to provide a TIN (a Taxpayer Identification Number) issued by the Treasury Department. But, a TIN (also referred to as an ITIN) can only be issued to people not eligible for to obtain a SSN (https://www.irs.gov/individuals/international-taxpayers/taxpayer-identification-numbers-tin). For savings accounts or interest bearing checking accounts, the bank has to be able to report the interest to the IRS, which requires a SSN or a TIN. Your SSN (even the card) is not a form of identification. The current government anti-money laundering rules require a government issued photo ID (driver's license, passport, etc.) and something else with your name on it (some banks accept credit cards; passports work; sometimes a student ID).
The Office of the Comptroller of Currency, a part of the US Treasury Department, says that a SSN or TIN is required to open a bank account at a national bank: [www.helpwithmybank.gov] Since this specifically says "national bank", there might be some exceptions, but savings and loans follow the same rules.
@jkmystery wrote:
@HonnyBrown wrote:
myst, you can provide alternate forms of identification in lieu of your SSN. Because I know this can be done, I am adamant about it when I open the account. I've never been rejected from a shop because of this.
can you tell us more about these alternate forms of ID, please?
@HonnyBrown wrote:
Drivers License, State ID, Passport, Credit Card, Debit Card, Voters Registration, Library Card, Gas Bill, Government Work ID are what I have used in the past.
@jkmystery wrote:
@HonnyBrown wrote:
myst, you can provide alternate forms of identification in lieu of your SSN. Because I know this can be done, I am adamant about it when I open the account. I've never been rejected from a shop because of this.
can you tell us more about these alternate forms of ID, please?