pre approval: Re Approve Your Approval - 04/09/10 02:50 AM
It's Time To Re-Approve Your Pre-Approval  
As the federal home buyer tax credit nears its April 30 end-date, there's a lot of would-be home buyers still working to get under contract.
A piece of advice for all of them : If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender "re-pre-approve" you.  Mortgage guidelines have been in flux and your original lender letter may now be invalid.
For example, over the past half-dozen months, the majority of mortgage lenders have reduced their risk tolerance with respect to:
Maximum debt-to-income ratios … (3 comments)

 
Michael LaFido, It's Not The Market, It's The Marketing! (CONLON/Christie's International Real Estate)

Michael LaFido

It's Not The Market, It's The Marketing!

Chicago, IL

More about me…

CONLON/Christie's International Real Estate

Address: 1101 W Lake St. 1st Floor, Chicago, IL, 60607

Office: (630) 571-1752

Mobile: (630) 674-3488

Email Me



Links

Archives

RSS 2.0 Feed for this blog