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Many borrowers are unaware of their homebuying power and are underestimating their mortgage eligibility, according to a recent study by Genworth Mortgage Insurance, a unit of Genworth Financial, Inc. The results showed that 66 percent of the 113 lending executives surveyed feel that many borrowers who are eligible for mortgages do not feel that they can realistically purchase a home.
Read More »Research Shows That Borrowers are Seriously Undereducated in Homebuying
