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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Sr K who wrote (96135)12/3/2007 4:26:31 PM
From: PerspectiveRead Replies (1) of 306849
 
<It's like a car loan. They want to figure out what monthly payment you are qualified for and then get you into a loan that is under that payment amount.>

I'd modify that slightly. They figure out what payment you're qualified for, then get you the loan that makes them the most money that fits under that payment amount.

BC
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