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A mortgage rejection can especially sting if you’ve been pre-approved for a loan. But it’s important to realize that getting preapproved for a mortgage doesn’t guarantee that you’ll get ...
Here are some of the more common reasons you might not get approved for a mortgage. 1. You have credit issues ... “They might be fully approved, but then an underwriter looks at the tax returns ...
Yes, it’s possible to get denied a mortgage after a preapproval. This could happen if you take on additional debt between the time you’re preapproved and the time you apply for a mortgage.
Realtor Kyle Ebersole said that getting pre-approved for a mortgage is not as intimidating as it appears. “A mortgage broker will take into consideration your income and debts to calculate what ...
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