Mr / Mrs Buyer are you REALLY pre approved ?

12 Reasons Get Denied AFTER Being pre-approved!

1) Failing to disclose past bankruptcy, foreclosure, or short sale

2) Unreimbursed business expenses on your tax return

3) Undisclosed business losses

4) Shopping for additional credit during the mortgage loan process

5) Failure to disclose an ownership interest in the company where you work

6) Making large undocumented deposits into your bank accounts.

7) Failing to file your tax returns on time

8) A drastic change in your employment

9) Failing to disclose land and properties owned free and clear and not disclosing mortgages that are owed to private individuals and not on your credit report.

10) Failing to disclose child support or alimony payments you’re required to make.

11) Property problems – Even though you’re fully approved to borrow money for a mortgage, the property you select may not be acceptable. ie recently fliped properties

12) Failing to disclose or attempting to hide any other pertinent information. Borrowers often make the wrong assumption that the lender will limit the credit analysis to just the information disclosed on the application.- In todays lending game Lender look every where before loaning and continue to look up until the day of closing

In today competive buyers market Seller want to know that the pre approval letter is worth more than the paper it is printed on they want to know the loan will CLOSE . Buyer meet with a lender face to face will provide the security you need and a point  of contact for the Seller to accept your offer with confidence .

If your lookign to buye or sell a home give me a call I look forward to being your Realtor

Buyer info line