Getting approved for a mortgage is key before you start searching for a new home. Some of the reasons mortgage applicants get rejected for a loan may help you get a clearer picture of what According to a recent article published by Realtor.com, the following are five reasons applicants can get a rejection notice on their mortgage application:
1. You didn’t use credit cards enough
2. You opened new credit cards recently
3. You missed a medical bill
4. You changed jobs
5. You lied on your loan application
Need to consult a mortgage lender about a home loan, contact the HomeFind Realty experts for a referral:
