5 Approval Roadblocks
If you have found your dream home and negotiated a fair price, which was accepted, and you have supplied all the documentation to your broker, you probably assume everything is fine. The reality is that your financing approval is based on the information the lender was provided at the time of the application. If there have been any changes to your financial situation, the lender is within their rights to cancel your mortgage approval.
To ensure that you don’t encounter any last-minute issues on your home buying journey, there are five major approval roadblocks to be aware of and avoid for a smooth transaction.
Original Article Source Credits: Dominion Lending Centres, https://dominionlending.ca/
Article Written By: DLC Marketing Team
Original Article Posted on: 8th June 2021
Link to Original Article: https://dominionlending.ca/mortgage-tips/5-approval-roadblocks