Friday 3 February 2012

Resubmitting a Mortgage Application

Has your mortgage application been rejected by a lender? Don't let it get you down. Use it as an opportunity to learn more about your credit and what you need to do to secure a mortgage application acceptance.

Don't be afraid to ask why your mortgage application was rejected. Let go of any embarrassment or humiliation and learn from the experience. It could be credit issues, work history or income verification. Work with a consumer credit counselor to rectify any issues before you re-submit your mortgage application.

Use the mortgage application process as a learning experience. You'll find a loan that will work for you. It may take some additional time, but it will be worth it in the long run.

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