Home › Forums › Closed Forums › Buying and Selling RE › Cross Qualifying – Just Say No!
- This topic has 105 replies, 6 voices, and was last updated 13 years, 2 months ago by
CA renter.
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June 26, 2011 at 2:30 PM #18896June 26, 2011 at 6:32 PM #706085
SD Realtor
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
June 26, 2011 at 6:32 PM #706183SD Realtor
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
June 26, 2011 at 6:32 PM #706780SD Realtor
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
June 26, 2011 at 6:32 PM #706932SD Realtor
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
June 26, 2011 at 6:32 PM #707296SD Realtor
ParticipantActually if you have your loan officer get in touch with the preffered lenders loan officer, you can usally get this taken care of. If you can get your loan officer to send them DU Approval then that will usually suffice and the preffered lenders loan officer will send a preap letter.
This is also done because it is not unheard of for people to doctor up previous preapproval letters. Nor is it unheard of for shady loan officers to prequal or preapprove people who are actually not worthy of being preapproved.
June 26, 2011 at 9:07 PM #706116paramount
ParticipantThanks for that info SDR.
June 26, 2011 at 9:07 PM #706213paramount
ParticipantThanks for that info SDR.
June 26, 2011 at 9:07 PM #706812paramount
ParticipantThanks for that info SDR.
June 26, 2011 at 9:07 PM #706962paramount
ParticipantThanks for that info SDR.
June 26, 2011 at 9:07 PM #707326paramount
ParticipantThanks for that info SDR.
June 27, 2011 at 6:01 AM #706131jpinpb
ParticipantI admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.
June 27, 2011 at 6:01 AM #706228jpinpb
ParticipantI admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.
June 27, 2011 at 6:01 AM #706827jpinpb
ParticipantI admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.
June 27, 2011 at 6:01 AM #706977jpinpb
ParticipantI admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.
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