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I received a call yesterday from a borrower with an interesting situation that I thought I would share. For the last 2 years she has been working on improving her credit scores and reducing her debt. She started with a 420 credit score, and today is enjoying a 640 mid credit score. She wants to buy a home in her area, because her current rent payment is nearly equal to what a California home loans payment would be for the price of a home she's interested in. Her income is solid, her debt is low, but she does not have any
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