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Well you score does not take a "Big hit" but it does take a hit. With that said you now know that your debt is too high currently but, if you spoke to a good underwriter he/she probably was kind enough to let you know what you which debts to eliminate or what areas to work on so that you can qualify for a mortgage.So for all who are considering buying a homestep 1 should be- lower or eliminate as much existing debt as possible
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For Sale: N/A
For Sale: $154,900
For Sale: $105,000