What are the Reasons For Last Minute Mortgage Denial

What are the Reasons For Last Minute Mortgage Denial. Last Minute Mortgage Denial By Mortgage Underwriters 2019

What are the Reasons For Last Minute Mortgage Denial video duration 2 Minute(s) 50 Second(s), published by Gustan Cho Associates on 27 07 2019 - 01:27:42.

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Why Are Mortgages Denied And How To Avoid Loan Denial * There is no reason why are mortgage denied
- The number one and biggest reason why are

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NuHome Team 909-833-3200 6370146874317220002055.mp4 Last Minute Mortgage Denial By Mortgage Underwriters The number one reason for last minute mortgage denial is because the borrower was issued a .

1. Why Are Mortgages Denied And How To Avoid Loan Denial

* There is no reason why are mortgage denied.

- The number one and biggest reason why are mortgages denied is due to the loan officer not qualifying the borrower’s correction and issuing a pre-approval letter
- Home Buyers and sellers put a lot of weight on the validity of a pre-approval
- Buyers and sellers count on loan officers to be professional and if a pre-approval is issued, they assume they can start packing and planning on moving at the anticipated closing date
- Unfortunately, this is not always the case
- First and foremost, a pre-approval letter should never be issued by a loan officer
- All of our pre-approvals at GCA Mortgage Group are fully underwritten and signed off by our mortgage underwriters
- This is why GCA Mortgage Group closes 100% of all of our pre-approvals
- Loan officers are allowed to issue a pre-qualification
- Home buyers should never enter into a written real estate purchase contract without a solid pre-approval letter that has been underwritten and signed off by mortgage underwriters
- Over 75% of our borrowers at GCA Mortgage Group are folks who are stressing over their mortgage process or could not qualify at other lenders due to their lender overlays

Gustan Cho Associates Mortgage Group has zero overlays on government and conventional loans. We just go off Automated Underwriting System Approval (AUS) Findings.

Key in avoiding mortgage denials and/or stress during the mortgage process is choosing a lender with no overlays on government and conventional loans. Gustan Cho Associates has zero overlays on government and FHA Loans. Over 75% of our borrowers are folks who either gotten a last-minute mortgage denial and/or are stressing over their mortgage process due to overlays. Please contact us at GCA Mortgage Group at 262-716-8151 or text us for faster response. Or email us at gcho@loancabin.com. We are available 7 days a week, evenings, weekends, and holidays to take your mortgage inquiries.

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