Who would have thought that the seemingly minor issues laid out in this article could derail your entire mortgage application process? One late credit card payment or keeping your money at home can cause your application to be rejected. Check out all five ridiculous reasons in this article by Danielle Blundell at Yahoo Homes.
You’ve found the house of your dreams and are ready to apply for a mortgage and call yourself a homeowner. It’s a great feeling.
But before you start picking out wall colors and furniture, you want make sure that you’re in the best position to get your mortgage application approved. Today’s mortgage application process can be complex, and there are some surprising issues that can spring up and cause your application to land in the rejection pile.
- $5 late credit card payment
- Giving your sister a check for $100 on her birthday
- Getting a new job
- Closing a credit card you never use
- Keeping your nest egg under the mattress