6 Reasons Why Your Mortgage Refinance Might Get Denied
Denied! It’s one of the words in the English language that can easily launch emotions of sadness, anger, embarrassment, and hopelessness in a split second.
But being denied for a mortgage refinance loan is not the end of the world, although it may feel like it is. Underwriters of financial institutions follow specific guidelines and regulations when deciding on a mortgage refinance application.
While the reason behind the decision may be obvious, there may be unknown issues that can continue to keep you from being successful. Below, we will look at the top 6 reasons why a mortgage refinance application might be denied.
We also highly recommend that you contact a reputable real estate lawyer for mortgage refinance advice!