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Financing Today

By
Real Estate Agent with SBG, Inc

WOW!!!

Just as it seem's you get a deal that will be approved thru financing (700+ scores, excellent Income) The bank turns it down. (The Problem with the Bank was soley and appraisal Issue.) After this deal, I would encourage everyone to spend a little extra time at the financing level, Then once you have found that house you want, Comp. it out (3 to 6 months) before you place that offer.  Of course this may only apply to central New York. What do You Think?

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David Hubbard
Premier Denver Homes - Highlands Ranch, CO

Sounds like good advice.

Sep 10, 2008 08:57 AM
Jennifer Lamm
The Loan Gallery - Sunland, CA

it seems like it's always something.  I always advise my borrowers that there are two parts to the loan, the financial package and the appraisal.  I've generally always been in the habit of comping things out firstly..... I think people should do an upfront inspection too, but that concept hasn't caught on yet.  hang in there!! 

Sep 10, 2008 09:41 AM