mortgage application rejected
Date: Mon, 12/20/2010 - 23:03
Hi! i applied for purchase mortgage last month. But despite having excellent credit score, my mortgage loan application got refused. I am not understanding why? :confused:
Hi! Welcome to the forums! Lenders look at various factors apar
Hi!
Welcome to the forums!
Lenders look at various factors apart from credit score before approving loan application. This includes your income level, debt expenses, your credit report, outstanding credit, etc. I think your loan application has been rejected due to any of these factors.
Did you ask your mortgage banker for suggestions as to why ? Or
Did you ask your mortgage banker for suggestions as to why ? Or what you could do to improve your chances if you try again?
