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The Use Of Automated

The use of automated underwriting engines now-a-days many more people can qualify for great rate with strong compensating factors. Compensating factors can be having a very low debt to income ratio, having a lot of liquid assets put away somewhere (bank, investments, 401k, etc.), obtaining a 15 year mortgage versus a 30 year mortgage and so on. Therefore, even if you have good credit, but maybe not the best, you may still be able to qualify for some of the best rates available by using a good mortgage professional and having strong compensating factors.

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