What do you want of Mortgage Interest Rates Today ?.
There are many reasons you could get denied for a mortgage. While it's in your best interest to qualify for a source of funding as great as a mortgage, it's not a necessity. So, since getting yourself a mortgage can do a life so much good, let's find out the most base reasons your mean borrower would get denied their mortgage request. The reasons listed below are in neither ascending nor descending order. No one suspect takes precedence over someone else because every situation is different.
1. A great majority of mortgage requests get denied because a job holder's position in the work force is uncertain. If a borrower who requests a mortgage is in danger of losing their job, generally because of circumstantial situations, this means the borrowers sustainable earnings is never a sure thing. This triggers a lender's sense of uncertainty. If they are not one hundred percent sure they are going to receive the loan number back, along with the interest, they are going to deny your claim on principle.
