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Your mortgage application can be denied for many reasons, including: Credit problems: Lenders review your credit history to understand how responsible you’ve been with credit in the past.
There were other highlights from MBA’s Weekly Mortgage Application Survey. The size of loans declined for both purchases and refinancing. The former fell from $411,700 to $406,200 and the latter ...
When you apply for a mortgage, following the correct process matters. Here's how to prepare, what to do and what the lender does at each step until closing.
Lying on your mortgage application can also be a form of mortgage fraud. Mortgage fraud is a serious offense, and it's one that borrowers and homeowners can both commit and be victims of.
THERE’S an awful lot to think about when you’re buying a home – but making a mistake could delay your mortgage application or even see it refused. Common errors could easily knock… ...
A mortgage expert has shared how one unknown mistake could lead to a rejection of your application. By Astha Saxena , Features Reporter 17:36, Fri, Jan 31, 2025 | UPDATED: 17:37, Fri, Jan 31, 2025 ...
To begin processing of your application the lender may require a fee of $100 to $400 that covers the cost of pulling your credit report and obtaining an appraisal of the property's market value ...
The smallest amount of prospective buyers submitted mortgage applications since this past July for the week ending Oct. 18. The Mortgage Bankers Association (MBA) released its Weekly Applications ...
According to the Mortgage Bankers Association, the average purchase loan size fell to $415,000 for the week ending July 8, down from $460,000 hit in March. Fox Business Personal Finance ...
What to do when your mortgage application gets denied. Taylor Freitas . Mon, May 19, 2025, 9:50 AM 8 min read. Key takeaways.