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Common Reasons for Mortgage Denial
Mortgage denial, Reasons for mortgage denial, Common mortgage denial reasons, Why was my mortgage denied, Mortgage denial explanation, Credit score issues, Debt to income ratio too high, Insufficient income, Employment history problems, Appraisal issues, Title issues, Property condition problems, Insufficient down payment,…
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Latest discussions
8 discussionsFor renovation income, do underwriters rely on tax returns or project records?
I’m trying to understand how mortgage underwriters handle uneven income from renovation or remodeling work. Say someone has a salaried job but also renovates properties, or runs a…
Does an old bankruptcy matter more than a recent one?
Curious what folks think - if you had to choose, would you rather have a bankruptcy from, say, 10+ years ago on your record, or a more recent…
Mortgage Denied and No One Explained Why? Here’s What to Do Next
Hi everyone - Dream Home Mortgage here. We see this all the time: a buyer gets a mortgage denial and assumes homeownership is off the table. In reality,…
My bank thinks I'm a spy or something
Got this weird call from my bank yesterday asking if I was "aware" of some charges made in Prague. Um, I've never even been to Prague, but now…
Pretty sure I just got scammed by this app
So, I downloaded this budgeting app last week - looked legit, decent reviews, nice interface and all that. Figured I'd finally get my spending under control, you know?…
When the fine print strikes back
Okay, picture this: you're finally buying your dream house, everything's perfect - white picket fence, cozy porch swing, the works. But right before closing day, the insurance company…
Found a site that shows if your house had foreclosure issues before
A couple months ago, I stumbled onto this site when we were looking into buying our first home. It basically lets you check if the house you're eyeing…
what if the bank turned down your home loan application?
Hypothetically speaking, say you've found your dream house, done all the paperwork, mentally moved in already (you know, picked out curtains and everything), and then bam - the…