changing interest rates: Changing Interest Rates Can Make A Difference When Purchasing A House
- 11/05/08 12:42 AM
While managing a Real Estate office I watched one of our agents work with some clients who wanted to buy a house and had gotten their pre-approval for a loan. The realtor's assumption was this couple, with that approval, were actually ready to make the purchase. His clients continued to look for a house but unfortunately were taking longer than what the agent thought they would take. The clients were first time home buyers, purchasing an entry level house, which was really all that they could afford and in fact, barely qualified for the mortgage. Here is the kicker and something … (0 comments)
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While managing a Real Estate office I watched one of our agents work with some clients who wanted to buy a house and had gotten their pre-approval for a loan. The realtor's assumption was this couple, with that approval, were actually ready to make the purchase. His clients continued to look for a house but unfortunately were taking longer than what the agent thought they would take. The clients were first time home buyers, purchasing an entry level house, which was really all that they could afford and in fact, barely qualified for the mortgage. Here is the kicker and something … (0 comments)
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