What? You want your cake and you want to eat it too?
It seems like people are finally listening to all of the publicity about historically low interest rates. The problem is that some people failed to listen to all of the publicity about the importance of having good credit.
I have a strict policy about not taking a buyer out until they have been pre-approved with a lender. Recently I have had several people contact me saying they want to purchase a property and take advantage of the low rates all to find out from their lender that they don't qualify because of their bad credit. What! You mean just because I filed for bankruptcy? YES! That is exactly what I mean!
If you are thinking of taking advantage of the low rates, do yourself a favor and get pre-approved. If you find out that you don't qualify, don't be discouraged! Find out what you need to do in order to clean up your credit. It could be something simple and then again, it could be something major. What ever it is, you need to take the first step so that you can have your cake and eat it too!
I have a strict policy about not taking a buyer out until they have been pre-approved with a lender. Recently I have had several people contact me saying they want to purchase a property and take advantage of the low rates all to find out from their lender that they don't qualify because of their bad credit. What! You mean just because I filed for bankruptcy? YES! That is exactly what I mean!
If you are thinking of taking advantage of the low rates, do yourself a favor and get pre-approved. If you find out that you don't qualify, don't be discouraged! Find out what you need to do in order to clean up your credit. It could be something simple and then again, it could be something major. What ever it is, you need to take the first step so that you can have your cake and eat it too!
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