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Real Estate Agent with Jones & Co. Realty 239-333-5556


Mortgages are slipping through the fingers of potential borrowers because lending rules are getting stricter. Even people with above-average credit may have trouble getting loans, and some borrowers could lose a home under contract if their score slips a point or two between pre-approval and closing.

Do you have that problem too lately?

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

You are right the limits are getting stricter. Never count on anything until it closes.

Apr 16, 2009 03:49 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Yes. I even had a guy with 800+ credit, owned 3 properties outright and had big $$$ in the bank, and they scrutinized every little item in the file--all for a 150k investment property. Personally, I thought that was a bit extreme.

Apr 16, 2009 04:23 AM