Inside Guide to Why Lenders Turn Down Mortgage Loans

Inside Guide to Why Lenders Turn Down Mortgage Loans

Before issuing a mortgage loan, lenders check to see if you qualify. Qualification for a mortgage loan depends on several different factors: your debt-to-income ratio, your credit history, your gross monthly income, and your total savings/investments/earnings. According to Bankrate.com, “About 30 percent of purchasers who...