tag:blogger.com,1999:blog-6295084548093377051.post4737723496197629509..comments2023-07-06T07:24:13.608-04:00Comments on Drew's Mortgage News: Homebuyers – You’re Pre-Approved by Payment, not Purchase Price!Drew Sygithttp://www.blogger.com/profile/18001992426038787015noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6295084548093377051.post-61127122777781414342009-08-07T22:41:58.230-04:002009-08-07T22:41:58.230-04:00Thanks Drew...simply put! We have always pre-appr...Thanks Drew...simply put! We have always pre-approved based on a max payment...never a purchase price. So many times I get borrowers, and even agents, complaining that the letter doesn't give a purchase price. I still can't imagine a lender giving anything other than a max monthly payment. This is Lending 101...<br /><br />Thanks for putting it in writing!Monicanoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-52334143648422137922009-08-06T04:50:28.685-04:002009-08-06T04:50:28.685-04:00Drew,
You're giving away my secret sauce! I u...Drew,<br /><br />You're giving away my secret sauce! I use those sentiments to "steal" borrowers from "ignorant" lenders...LOL<br /><br />Great article.<br /><br />Kevin OrrAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-6163813913176101032009-07-31T14:49:52.366-04:002009-07-31T14:49:52.366-04:00Drew, that is a great explanation so simple anyone...Drew, that is a great explanation so simple anyone can understand it. Thanks for the info<br />Joe CapraNot your average Joehttps://www.blogger.com/profile/15180082643881958166noreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-24483842006320340302009-07-27T15:11:58.047-04:002009-07-27T15:11:58.047-04:00Great Post Drew, I never thought of that before an...Great Post Drew, I never thought of that before and it absolutely makes sense.<br /><br />Michael PinterMichael Pinterhttp://activerain.com/blogs/mpinternoreply@blogger.com