From: Joshua Putnam 
Newsgroups: misc.consumers.house
Subject: Re: New construction, tough contract, home value... should I buy?
Date: Thu, 10 Feb 2005 22:11:43 -0800

In article <1108049331.167283.101270@c13g2000cwb.googlegroups.com>, 
igarber@optonline.net says...

> LAstly, the builder requires a mortgage commitment (not pre-approval)
> 30 days after signed contract.

Can't blame them for that.  Pre-approvals are quickly headed towards 
worthless paper with some of the unscrupulous lenders out there these 
days.  A pre-approval may give you an idea what size of loan you can 
apply for, but it won't make any intelligent seller confident that you 
can definitely qualify for the loan.

-- 
josh@phred.org is Joshua Putnam

Books for Bicycle Mechanics and Tinkerers: