HSBC Premier Part 2

I opened an HSBC Premier account with 100 dollars cash, with the understanding that my 5/1 Interest Only 500k loan is pretty close to being funded.

Some issues though:

1) The appraisal came in at 770k, but since there were no furnishings, the appraiser marked the unit as 'vacant' on the report. This will need to be rectified before the loan can be funded.

2) I will need to write a letter to explain why there are no furnishings and to confirm that I will in fact be living in the unit.

As for ordering (whether I can get the loan and the discount prior to opening an HSBC Premier account), the answer is:

The loan officer needs to refer to the HSBC Premier account number when finalizing the loan in order for the discount to take effect. I started the loan process first but then a week later went into their office on 601 Montgomery to open the HSBC Premier account (you have to physically meet with a relationship manager before they can open the account).

So, the ordering I guess is flexible since the loan process takes so long...and there are a fair number of steps before they'll even send out an appraiser.

I had to supply the following to start the loan process:

-Copy of 2007 & 2008 W2
-Copy of October and November paystubs
-Copy of 2 months bank statements of bank accounts
-Copy of insurance policy for condo project
-Completed Project Questionnaire attached below

Note that Bank of America requires last 2 years signed tax returns as well!