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Basically, a borrower should start multiple loan applications. The cards are stacked against them. Since a borrow has no access to information, causing lenders to do unnecessary paperwork is the only protection.

Not only would that be expensive, (appraisal fees,) but it would gum up the system even worse if everyone did it. The answer is everyone being realistic about timing, including the lender. There are reasons why buying/selling a house take time. It is not a small transaction unworthy of proper consideration.

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