Hey, last year a mortgage broker pre-qualified ME for an $80k mortage which I turned down because it wasn't enough to buy a cute house with a yard and a driveway (what was I thinking? I could have gotten a condo with that much and would probably started becoming more aware of my finances after going through the process). Alas, what a difference a year makes.Boyfriend went to Lending Tree and filled out all the pre-qualification forms and by the time I had come home had gotten 4 "Approved" notices from 4 different lenders. The devil is in the details, however, as it seems there is not a snowball's chance in hell he is getting a mortgage without at least 5 % down.
I even have fancy pictures to show for it. But, we're learning our lesson and a condo is just about 7 months of saving away. Perhaps by that time we'll be ready to live together!