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Politics : Formerly About Advanced Micro Devices

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To: Taro who wrote (263485)12/6/2005 10:21:02 AM
From: bentway  Read Replies (1) of 1575184
 
You need to get copies of your credit reports and go through them carefully. There's something in there that's triggering a rejection by the bank. If your credit's average and you have enough equity to cover 120% of the amount your asking for and you're breathing, a bank will loan you money on your house.

On another RE thread, we're pretty certain that Boston has topped out as far as appreciation goes and maybe San Diego too. Just 11% of local residents can qualify for a conventional mortgage on the median priced house in San Diego. Perhaps the banks are anticipating depreciation and an inability to sell?

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