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  • How to Get Your Mortgage Approval Taken Away

    One of the steps in buying a home is speaking to a mortgage lender and getting pre-approved for a loan. Along the way, the lender will do their due diligence and eventually issue a final mortgage approval. With this comes excitement on the buyers part and relief with the seller. It is a big step in the process of buying and selling a home. Did you know, however, that it is possible to have your pre-approval taken away? Taking it a step further did you know your final approval can also be revoked by the lender? Yes it's true and having a mortgage approval taken away is more common than you might think!

    Some buyers have no idea that they can make mistakes that ultimately cost them their mortgage commitment. In the article referenced above, you will see fourteen of the most common reasons why someone can have their mortgage approval denied at the last minute.

    One of the more common mortgage mistakes that borrowers make is going out and making a large purchase before they close on their home. This can change the borrowers expense ratios. This is one of many examples of things you don't want to do. Take a look and see the other thirteen mistakes you want to avoid that could end up costing you your mortgage!

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