 Posted 12/28/2007 1:00:00 PM
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Getting financing is tougher than ever. As a current lender and former Realtor, I wouldn't even consider looking at an offer with a loan approval attached to it. An approval is different from a loan prequalification in that an underwriter has to look at the buyers documentation to verify that they are loan worthy. I don't know how many people that I've spoken to that tell me that make a certain amount over the phone, only to see that it is different when I get their actual income documentation.
DebtFreeDave
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