"It's not you, it's me." This statement doesn't make a break-up any easier. It also doesn't make a "no" any easier to handle. That's essentially what happens when a lender turns down your mortgage application when the house doesn't pass inspection. It's not you fault the previous owner didn't take care of the home. You're not the one who left the home empty for a year.Read More
The AmeriFirst Home Buyer Learning Center
Did you know that your credit score might be the one thing holding you back from getting a mortgage and buying your dream home? That doesn't mean the end of the line, though. The video below tackels the question "Why did I get turned down for a mortgage?" when the answer is: your credit score.Read More
What happens when your monthly bills get in the way of buying that home you've been dreaming about? That's the problem with a denied mortgage - you may not find out why or how to fix it. So today we're looking at one issue facing some hopeful home buyers: debt.Read More
It is with a lot of anticipation that you do your homework on all the mortgage options that are available, put the documents together and submit a mortgage application to a lender. When the result is a rejection rather than approval that brings you closer to your dream of becoming a home owner, then you will keep asking yourself, why was my mortgage application denied.
A home is one of the best personal assets that one could invest in. It is therefore with a lot of excitement and anticipation that you do your homework on the requirements and the procedure and submit an application for a mortgage. When the response is a rejection, you keep asking yourself, why was my mortgage application denied? It's a frustrating and disappointing situation.