How To Get Your Loan Denied!
You have a pre-approval. You find a home. You get an accepted offer. Now you just have to wait until closing day right? Wrong! Now is when you want to make sure your loan goes through. Below is a list of things to have your loan be denied—not what you want to do:
1) Change jobs, become self-employed, or quit your job(s).
2) Buy a vehicle.
3) Use charge cards excessively or let your accounts fall behind.
4) Spend money you have set aside for closing.
5) Omit debts or liabilities from your loan application.