by Disappointed Home Buyer
(USA)
Kate, Can you please define mortgage approval? I was all set to close on a deal of a house but to my surprise I was denied because there were not enough comparable properties. They needed to find 3 similar homes that was sold in the last 12 months.
My question is how will they ever find comparable homes if they don't sell to someone.
I was so disappointed. Could not understand this situation. Thank you for listening.
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
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I finally came to grips with closing my mortgage company.
But I still wanted and needed to make money!
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
Ask Kate For Solutions - Ask a question to get an answer from Kate.