5 Weird Reasons You WON’T Get a Mortgage

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Posted To: Community Commentary

If you’re hoping to purchase a home soon, there are plenty of things to concentrate on. Your loan officer or realtor will probably give you a list of the documents you’ll need, and some “to do” items, like check on homeowner’s insurance and save your paystubs. Getting a mortgage, however, isn’t just about the “do’s”. While they aren’t necessarily “weird,” these commonly overlooked “don’ts” can easily prevent you from being approved, whether you’re planning to buy a house in the coming months or in the process now. Don’t let them cost you your new home! Switching from an employee to a self-employed position The requirements to verify salaried/hourly employees’ income are straightforward: W2’s and…(read more)

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