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.
Your Guide to Mortgage Paperwork
Trackin gall the paperwork you need to process your loan can be a headache. Your agent will assist you with gathering the proper documents, but make sure you're educated about what you need in advance.