Wow, I never realized a little known fact to you and I as real estate agents. Mortgage companies are rating our "areas or markets". I do a lot of business in Chester County, PA. Even though it has experienced an increase in pricing over the last year, the mortgage gurus are rating it "a soft market area" and are really scrutinizing the value of the property because of the location. Some mortgage professionals will not even take a mortgage app in this area. Unbelievable! You might want check and see what your area is rated as it concerns the mortgage professionals in the area!
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