Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen, and some can come as a big shock. So today we’ve outlined five surprising reasons to help you avoid home loan heartbreak.
There are few words would-be home buyers dread more than: “your home loan application has been rejected”.
It can feel like a real kick in the guts. And some of the reasons can be surprising.
A rejected loan application can hold up your home-buying plans and could have a negative effect on your credit score. So it can be important to avoid this scenario.
Below we’ve outlined five reasons your next application could be rejected – so you can start heading them off now.