Why Your Mortgage Application Was Declined

Rejection of a home mortgage loan is a disappointing experience for persons who apply for it to purchase a home of their dreams. Let us discuss some common reasons for the rejection of mortgage application so you can work out where you are lacking:
  • Insufficient income and assets
  • Value of the property is not enough
  • Poor credit score
  • Low down payment
  • Inconsistent employment history
  • Unpaid tax liens or judgments
  • Acceptance of a monetary gift
  • Moving a large amount of money
The safest and easiest way to get the approval of your home loan is to take the assistance of some experienced professionals of a mortgage home loan company near you.

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