Transcript
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Here’s why your lender could deny a home loan after it’s been approved after pre-approval.
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A lender will still require more information about you. Depending on what they find out, they may or may not proceed with your home loan application.
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Here are some scenarios. One, within three months that your pre-approval is effective you switch jobs.
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Two, you took on a personal or a car loan.
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Three, the lender discovered information that was not previously disclosed.
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So, to ensure that you get to the finish line, which is receiving the lender’s formal approval, be sure to work with a trusted mortgage broker.
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Take advantage of all their expertise and be on your way to buying your dream home.
