Home arrow Mortgage Forums arrow About Mortgage Companies arrow

loan application is turned down

Author Message
Icon Mini Profile robertsmith2005





Joined: 22 May 2009

Posts: 338

-0.48 Dollars($)
Post Posted: Sat May 23, 2009 8:21 am    Post subject: loan application is turned down
Like 0
Dislike 0

I have applied for a loan but it is denied. what are the possible reasons & solutions to make it happen?
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
Post Posted: Sat May 23, 2009 8:55 am    Post subject:
Like 0
Dislike 0

did the lender not tell you? you should receive a denial letter. call them up and they'll be able to tell you, robert. we cannot begin to give you reasons, since we know nothing about your application.
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
Icon Mini Profile sunil87020





Joined: 04 May 2009

Posts: 339

26.96 Dollars($)
Post Posted: Sun May 24, 2009 3:06 am    Post subject:
Like 0
Dislike 0

Yes ,
Exactly lender might send you the letter in which he specifies the rejection of loan with proper reasons.
Lender must send it check your postel box.
Icon Mini Profile manoj_gopale
manoj_gopale




Joined: 16 Feb 2009

Posts: 488

0.00 Dollars($)
Post Posted: Sun May 24, 2009 3:26 am    Post subject:
Like 0
Dislike 0

Improve your credit score and freshly apply after 2-3 months.

keep in touch...
Icon Mini Profile jnoa
jnoa




Joined: 01 Jun 2009

Posts: 44
Location: Haddon Heights NJ
5.66 Dollars($)
Post Posted: Mon Jun 01, 2009 6:49 pm    Post subject: Possibilities
Like 0
Dislike 0

A range of reasons though this may not apply to you, and it is a short list since you did mention what type of loan you applied for. Low credit scores/ bad credit history, do not have enough income to qualify, value of the home is too low to qualify, judgments / liens against you, are a few possibilities to name a few, your company should have contacted you and not leave you in the dark.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.062 seconds.