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The Dangers of Interest Rate Myopia in Choosing a Lender

June 21, 2010

Let me begin by saying that interest rates are important to any real estate transaction. To say otherwise would be naïve. But too many times rate emerges as the primary or even the single driving factor in the decision of which lender to choose. This low cost approach can be a very perilous road when taken with complete disregard to the overall requirements for the transaction and the individual delivering the service.

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