[darbyduff]

Chuck-

Maybe I'm not understanding, but prior to putting down your 20%, you do pre-qualify as everyone else does across the country. The people who purchased our home in Colorado had to pre-qualify in order to purchase our home (or for that matter, the realtor wouldn't show them our home if they hadn't pre-qualified first) so, if you have pre-qualified, your not going to lose your 20%. You will have your mortgage.

In other words. Your looking at , let's say, $200,000 dollar homes and you ask your realtor to show you homes in that price range... he or she will not do that if all you can qualify for is an $80,000 home. Right????? or am I not understanding????? ???