mortgage application: 10 Tips to Help Manage a Client’s Mortgage Denial - 11/20/19 08:18 AM
Nothing can be more disheartening during the homebuying process than being denied a mortgage. Fortunately, receiving a rejection doesn’t mean a buyer has to give up on the dream of homeownership. With some education and a game plan, prospective homeowners can move forward after a mortgage denial.
State of the industry According to a recent analysis, almost one in 10 buyers receives a mortgage denial, which is the lowest denial rate since 2004.
 
The most common reasons for mortgage denial involve the amount of debt a buyer has and their credit history. But those aren’t the only factors that lead to rejection. Collateral is … (1 comments)

mortgage application: How to Improve Your Mortgage Application - 06/22/18 11:45 AM
The current housing market is tough on homebuyers. Housing prices are increasing, inventory is on the decline and interest rates are rising. Some reports are predicting one of the worst markets for housing affordability in recent history. In such a challenging environment, having a strong mortgage application will help maximize your chances of getting the home you want.
Tend to Your Credit Score
Your credit score affects your mortgage rate and loan terms, but it can also determine whether you get approved in the first place. Before submitting a mortgage application, you should request a credit report from one of the three major … (0 comments)