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8 items that can derail your mortgage application

Securing finance to get a house could be hard, which explains why it is crucial to ensure the application is error free. Below is a summary of tips to follow along with.

1. Be truthful regarding the budget

One reason that is common home loan applications get declined are missed bill re payments. a potential borrower’s credit rating is closely scrutinised by their plumped for lender. Any overlooked bills can be especially high priced, claims Belinda Williamson, representative for Mortgage Selection.

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