10 Things That Can Derail Your Mortgage Application

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

Below is a list of guidelines to follow, or you may want to get the help of a local mortgage broker.

• Be honest about your financial position

One common reason that mortgage applications get declined are missed bill payments.A potential borrower’s credit history is closely scrutinised by their chosen lender. 

• Paperwork snafus

It’s a simple thing – but an important one. The paperwork that lenders require can be significant, and it is important to get it right: sending in your home loan application without the documentation required by the lender can result in the loan application going back and forth to the lender a number of times without result.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0295) 686 266 or email me at [email protected]. 

Thanks,

Alex