Posted on January 20, 2015 at 10:37am
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Talk to a borrower today who wants to purchase a property or to refinance an existing one, and they will tell you nightmare stories about loans taking 60-90 days to close, lenders asking for more and more documentation even after docs are signed, and generally jumping through hoop after hoop after hoop. With STILL No guarantee a loan will close! And for Self-employed borrowers? Please. IF a S/E individual can get qualified via bank statements or other means (doubtful) it still is going to…
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