If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.
Mortgage Apps To Know About
While a large percentage of lenders have been reluctant to introduce mobile apps for mortgage applications, a few start-ups have introduced apps to expedite processing.