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Topic - Eldad Moraru
House hunters in the Washington area, eager to lock in a housing payment at today's low mortgage rates, are bumping up against an unexpected obstacle: competition.
"If you've been given a full preapproval for a mortgage of $850,000 and you're only borrowing $750,000, you can be pretty certain that you can waive the financing contingency," Mr. Moraru said.
"It's important to make an offer with your head and not your heart," he said. "The more education you have, the easier that is."