Sentences with phrase «denied by the mortgage lender»
Ranieri pointed out that many borrowers with good credit and stable income are being denied by mortgage lenders.
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If you don't have enough money to put down as collateral, you will be denied by the mortgage lender.
Not exact matches
You can be approved by the lender but denied by the mortgage insurance provider.
By serving as an umbrella under which lenders have the confidence to extend loans to those who may not meet conventional loan requirements, FHA mortgage insurance allows individuals to qualify who may have been previously denied for a home loan by conventional underwriting guidelineBy serving as an umbrella under which lenders have the confidence to extend loans to those who may not meet conventional loan requirements, FHA mortgage insurance allows individuals to qualify who may have been previously denied for a home loan by conventional underwriting guidelineby conventional underwriting guidelines.
If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.
And it's one of the most common reasons people have their mortgage applications denied by lenders.
According to an analysis done by the Wall Street Journal, the nation's ten largest lenders denied 26.8 percent of mortgage loan applications in 2010.
According to the study, 26.8 percent of mortgage applications were denied by lenders in 2010.
Reasons for Rejection There are many reasons why a person could be denied financing by a mortgage lender.
I strongly recommend that you do your homework and deny any insurance offered by your mortgage lender.
Unless protected by government insurance, lenders often denied such mortgage requests.
You can be approved by the lender but denied by the mortgage insurance provider.
If your credit score isn't so great, you could have to pay a higher mortgage rate or your mortgage application could be denied by schedule A lenders, so you might have to go with alternative lenders with higher mortgage rates.