There are a number of reasons mortgage applications are denied‚ and the saddest part about it is that many could have been avoided quite easily.
Archives for August 2018
We asked some first-time home buyers who’ve gone through the wringer to share what they wish they’d known earlier.
As millennials defy longstanding norms by delaying marriage and choosing cities over suburbs, they’re still as likely as their parents to view homeownership as a key component in building wealth. But the best-educated generation in American history is also saddled with record levels of student debt and stagnant wages, which means saving up for a down payment while interest rates are still historically low isn’t easy. So many millennials are buying with their romantic partners – even if they haven’t yet taken other big steps like engagement or marriage.
Mortgage are by no means one size fits all. And it’s important to choose a home loan that best suits your financial circumstances.
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