May 2011

Buying a home can be such an exciting new venture. However, it is not uncommon for new homeowners to become quickly disenchanted with home ownership when they realize how slowly they are paying off their 30 year mortgage. It happened to me when I bought my first house.

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Why was my loan application denied?!

by Mortgage Nerd on May 7, 2011 · 1 comment

“But my loan officer said that I was approved!” is heard all too often in the mortgage world these days. In this article we will explore a couple reasons why a borrower can be approved immediately after the initial loan application but eventually denied once the lender’s underwriter gets a hold of the file. Most […]

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