So don't contact
the wrong type of lender or you may be turned down in case you are a high - risk borrower approaching a low risk lender.
Not exact matches
So, without knowing where the first renovation amount came from that your
lender was initially working with, it would be a good idea to figure out what went
wrong there and see if some
type of compromise can be worked out.
Given that each individual
lender or lending partner is looking for a particular
type of customer, many people end up getting turned down multiple times for any number
of reasons — which can sometimes be as simple as living in the
wrong state.
The «law
of multiples» which can take many forms such as multiple lawyers doing the same
type of work (or based on the same guidance) that leads to class action potential when there's an allegation that they all did it
wrong; or the same lawyer is sued over doing the same (alleged
wrong) thing multiple times; or a lawyer undertakes many mortgage transactions without considering that there are red flags that need to be brought to the attention
of the
lender — such as a significant increase in the value
of the property in a very short period
of time or inexplicable credits.
The «law
of multiples» which can take many forms such as multiple lawyers doing the same
type of work (or based on the same guidance) that leads to class action potential when there's an allegation that they all did it
wrong; or the same lawyer is sued over doing the same (allegedly
wrong) thing multiple times; or a lawyer undertakes many mortgage transactions without considering that there are red flags that need to be brought to the attention
of the
lender — such as a significant increase in the value
of the property in a very short period
of time or inexplicable credits.