Hardships.....
It's been such a horrible weekend to our family. We've been looking into buying 3.4 acres to build a home and was not approved for a loan we could afford. We have good credit but have had some hard times in the past like many of us. Appearntly they wanna lend people money who have money and lots of things for collateral. Our home is filled with used furniture or hand me down and our home and van are the only debt we have. Of course we like it that way. So, we're back to square one and will probably have to end up paying cash for what we find, which would probably be better in the long run.
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Untitled Comment
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06:39
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Saturday, August 23, 2008
} { Posted by
gabbie427
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I am so sorry to hear this!!! Keep praying and if this is what you believe God wants for you and yoru family, try again with a different lender. When we bought our house, we went through one lender that turned us down, then we went to Wells Fargo, and they were able to do it for us. It was ALOT more paperwork than we intended, but after they looked at our bill paying history and called some of the utility companies, etc. and were told we always paid on time, etc. they were able to loan to us!!!
God's Blessings,
Amy Jo
Untitled Comment
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10:55
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Saturday, August 23, 2008
} { Posted by
Deblyn
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I am sorry! I know that lenders have tightened their lending practices due to the financial issues in the country. Amy Jo is right, try another company just to make sure! :) Each underwriter has different lines of where they are comfortable to lend.
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