4 January 2012
Main reasons why a lender may reject your mortgage application for investment property
|Imagine that you’ve finally found the right investment opportunity you
have been searching for. You send your mortgage application and now
you’re waiting for the answer. And, what a surprise – you get a decline.
So what happened and why your application was rejected? There are many reasons why lenders may decline financing. First of all, it’s necessary to understand that lenders can’t be all the same. Actually, they vary depending on the following factors…