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When applying for a mortgage loan, you should follow these precautions
The rapid rise in non-traditional home loan mortgages, particularly among less creditworthy borrowers, has alerted regulators. They are now trying to tighten requirements for those who are eligible for the loans. Lenders will need to tighten their underwriting criteria. This means less reliance on credit scores, and more reliance upon documentation of income. According to the Feds,...
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