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For Your Clients: 4 Tips to Getting a Loan

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Real Estate Broker/Owner with Brokers Guild Classic 100000546
For Your Clients: 4 Tips to Getting a Loan, an article from Realtor Magazine Online, examines four tips to help a buyer get a loan.  First, consider what the government has to offer.  The Federal Housing Administration (FHA) and the Veterans Administration (VA) are the biggest source of loans these days.  Next, get those documents in order - bank statements, brokerage statements, W-2 forms and tax returns.  Also, borrowers should consider ways to boost their credit scores.  It's important not to have more than one-third of their maximum borrowing capacity outstanding on any one credit card.  And finally, work your connections.  Borrowers may want to begin by talking to a local bank where they have an established relationship. 
http://www.realtor.org/rmodaily.nsf/pages/News2009012604

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