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On one discussion -"High Home Equity - Poor Credit - 510 Credit Score"
I saw a solid advise in action. I was just wondering what transpired.
Did the lender gave the check first -- to pay off the creditors while
the
loan is in process ? (to guarantee that the proceeds will only be used
by the
lender for this purpose)? I never thought this is possible. do you
have any idea who that lender was ?
what does "no-income-qualification first mortgage" mean?
and how does it work ? does all major investors do this type of loan ?
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