According to a recent report, Half of All Mortgages Rejected , banks are rejecting about half of all mortgage applications.
Let me put that in perspective for you. I can tell you that I am batting virtually 100% on getting my clients loans approved. My peers in the mortgage professional world are doing about the same. So if half of all loans are getting rejected, it really means that 70 - 80% of all mortgages for borrowers who are not represented by mortgage professionals are being denied.
My advice: If you are purchasing a home or looking to refinance, work with a mortgage professional. Why? Because we do not get paid unless you get your mortgage, so, we'll tell you the truth. And, the statistics show that we do a better job than the banks.
all of my loans are
No comments:
Post a Comment