Wednesday, September 16, 2009

First Lesson--Getting a Loan

getting a loan (mortgage from a bank). Typically it is not that hard, but requires the following: 1. a source of income (AKA a job) 2. Proof that you pay your bills on time (decent credit--according to lenders I spoke with--at least 620 at this time). 3. Some money (varying amounts, but not 0). Remember, the bank is taking a big risk on you and after what happened the past few years is more cautious

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