You can have a decent credit score and still run into problems qualifying for a mortgage. One of the most common — and most misunderstood — reasons is something called shallow credit. Here’s what it means and what to do about it.
Shallow Credit: What It Is and Why It Can Affect Your Mortgage Approval
August 5, 2011 by 2 Comments
5 Ways to Derail Your Loan Approval
January 27, 2011 by 2 Comments
You’re getting ready to buy a home or refinance your home with your closing day around the corner when your mortgage originator contacts you to let you know there may be a problem. Some issues may not revealed until days or sometimes weeks into a transaction. Anytime documentation is provided to the mortgage company, it has the potential to raise more questions or require more documentation to satisfy underwriting guidelines. Here are five situations to be aware of that can cause headaches during the loan process.
