Quote:
Originally Posted by DrPhil
To clarify, for customers who do not qualify for a particular size of mortgage loan.
To answer your question, mortgage lenders who know that lower introductory rates mean lower introductory payments. Therefore, homebuyers can qualify for a larger loan to fit the dream house that people are told not to let mortgage rates/bad credit/whatever keep them from.
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That still doesn't provide a specific name. I'm asking for specific names of those lenders (i.e. Wells Fargo, Citi, Bank of America, XYZ Credit Union, etc).
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