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You Can Obtain A Mortgage Loan

You can obtain a mortgage loan with almost any type of credit. However, the worse the credit the more you will be required to put down as a down payment for a purchase transaction and the higher the interest rate you are more likely to pay. Sometimes compensating factors such as a lot of documented liquid assets, great job time, and a very low dti (debt to income ratio ) may help to slightly compensate for a lower credit score.

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