The bank he was borrowing from was bought out and the new bank didn't like the fact that this kid had millions of dollars in loans with them. 

It is very important to me for the borrower to have what?  

Majority means more than half. 4155.1 4.B.2.a Definition: Principal ResidenceA principal residence is a property that will be occupied by the borrower for the majority of the calendar year.2.

I was wondering if the buyers were "inflating" the transaction price to either borrow more or even receive funds/commission at closing.

Anyone here ever borrowed against Gold and/or Silver Bullion for purchasing real estate?

NO SUCH THING> American Greed episode on Remington Financial is a must see for any one looking to borrow private money and has never done so..

@Michael YennyIf you are an eligible Coinbase customer, you can borrow up to 30% of your Bitcoin (BTC) balance on Coinbase, up to USD $100,000.

New to borrowing money.

Inexperienced private lenders may prefer that the borrower draw up the contracts.

As long as our industry is full of idiots afraid to say "I don't know, let me check," we can't hold it against homebuyers and borrowers for double checking things.