How can lenders offer mortgages $ 200,000 without SSN number?

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How can they make sure that you want your good credit and do not just walk away from the loan?

5 Comments
  1. Reply
    donald e
    May 3, 2011 at 11:59 pm

    they cant and they wont so?????????

  2. Reply
    spiritwalker
    May 4, 2011 at 12:06 am

    they are not suppose to. I work for a loan broker, and WE HAVE to have all of the information, before we can even apply for the loan.

  3. Reply
    MISS H
    May 4, 2011 at 12:09 am

    You may have enough assets that they are willing to lend money that is not based on your credit record. It would require some pretty good assets to get one of these loans. They will however still have to have your SS# for the paperwork.

  4. Reply
    Patrick
    May 4, 2011 at 12:11 am

    They can’t. What you received is most likely an ad to get you to apply for a loan. You will need to give them the same information you would anywhere else.

  5. Reply
    Seriously?
    May 4, 2011 at 1:01 am

    Not likely, they have to verify all your information and with the way the market is going right now its even less likely. Sometimes you may get preapproval letters in the mail however, they request your info before giving you anything.

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