Denied For Refinance – What Should I Do Now?
Denied for refinance? If you have, it’s not the end of the world and there is lots of hope. Lots of it in fact. I’m going to outline in this short article a super easy strategy for getting approved for a loan that could literally save your home.
#1 Reason People are Denied Refinancing
Many people who try to get a refinance on their existing mortgages do so without fully assessing their situation. The key thing they ignore is the number of payments (if any), that they’ve missed. What people fail to realize is that if you are missing payments, the lender will see you as credit risk. In other words, if you can’t make existing payments, how are you going to make the new one? Continue Reading…