Asked by bonbon, Edgewater, MD • Tue Jan 8, 2008
I have good credit, stable job, and solid income. Recently, I contacted my credit union to get a pre-qualification. They pre-qualified me for an amount that is 15-20% lower than what I'd like or need. I believe I could afford paying that higher amount. I know I could do some things on my part to reduce my monthly commitments (reduce car payment etc.). What else could I do to 'convince' the lender to approve a higher amount? Do the lenders usually pre-qualify the borrowers for the highest possible amount or do they start conservatively? Any advice or suggestion is very appreciated. Thank you!
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