Tag: mortgage approval

 

The 5 building blocks of any mortgage loan approval
Why do some mortgage applications get approved while others are denied? Loan rejections are more common than you may think. In fact, the Mortgage Bankers Association reports that lenders reject about 50% of all applications they receive for mortgage refinances and 30% of all purchase loan apps are denied. So why are one-half and nearly […]
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Inside the mind of a mortgage underwriter
When it comes to getting your mortgage loan approved, think of the bank or lender’s underwriter as the key gatekeeper. Charged with the task of reviewing the entire file of documents from the loan process real estate transaction, underwriters basically vet borrowers, making sure they meet all mandated guidelines and criteria and clearing the way […]
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