There are probably 100 different reasons banks don't approve mortgage applications.
The Top 10 reasons include:
1. Low Credit Score
2. Not Enough Established Credit
3. Errors on the Credit Bureau (that you don't know about)
4. Short Time on the Job - Still within Probationary Period
5. Self-Employed and Unable to Prove Sufficient Income
6. Debt Ratios are Too High
7. No Down Payment
8. Property Value is Too High
9. They Don't Like You
10. Errors on your Credit Application
I will discuss each of these reasons in my next blogs.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment