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Current Foreclosure Discussion Foreclosures Discussion Archive 1



Re: What about no-qual?



Posted by Janice Clark on April 21, 2002 at 14:04:06:

In Reply to: What about no-qual? posted by Sean Wagle on April 19, 2002 at 01:34:36:

: Can't someone with terrible credit always no-qual? (25% down, loan with no questions asked).

: Maybe someone who went through foreclosure isn't likely to make enough spare income to sock away 25% down for the future. But if you get rid of the big house payment (well, that's gonna happen anyway) and share an apartment with somebody for a few years, who knows?




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