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Originally posted by Mr.Fiction
Interesting post.
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I forgot to mention that you probably still need a steady job and decent income for a government or high risk borrower loan ...
But if you have that, you can still qualify with lousy credit ... as long as you have some cash to close ... depending on what the loan requires. But in many cases, the cash requirements aren't that bad.
And, I do know people who have lost their jobs and gotten mortgages ... mostly because they had the cash to put down 20 percent and they had really great credit.