The Myth of Loan Pre-Qualification

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Uploaded by on Aug 27, 2009

Remember when you could call up a lender, tell them how much you make and how much you owe in car and credit card payments and they would tell you how much you qualify for? Well, those days are over...

At this point in history, before you ever step foot into a house you are thinking of buying, you need a full doc qualification with desktop underwriting to determine if your entire scenario matches up with investor guidelines to make sure your loan will actually get funded.

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