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- "Some borrowers feel a need to embellish the truth about their
so-called credit 'derogatories' and submit explanation letters
that read like works of fiction. It is these letters that account
for the high level of merriment around underwriters' offices."
Eric Forster examines the crucial piece of paper that could
make or break your loan in
The Credit
Report, Chapter 6 of
The
Mortgage Applicant's Bible.
- "Everyone overestimates the value of their hard-to-sell items
-- usually when filling out a personal net-worth statement for the
bank. What's the risk? There's probably only a handful of people
in the known universe who could contradict your valuation."
Columnist Bob Beaty slams his mother's antique collection
and cautions us against investments short on liquidity in
Water,
Water Everywhere, his latest installment of
Money
Matters.
