Real Estate Loans

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The Role of the In-house Lender

Unfortunately, I also know of several lenders who had knots in their stomachs every time they went to work (for builder-owned mortgage companies) because they were forced to do what they knew was wrong in order to keep the money coming in for their families. Could this explain why there are subdivisions that are only a few years old with a huge percentage of vacant and vandalized homes?

By | 2014-08-28T00:29:54+00:00 August 18th, 2010|Bob's Rants|0 Comments

What is a Pre-approval?

The pre-qualification goes a step beyond that to actually approve you from a credit perspective. My way of looking at the difference is you get pre-qualified to see what you want to do, and you get pre-approved to be in a position to actually do it.

By | 2014-08-28T00:29:54+00:00 June 15th, 2010|Loan Talk|0 Comments