A Mortgage Denial is a Disaster

Posted by & filed under Buying, For Sale or Rent.

How do you handle a mortgage denial?  What happens next?  Do I get my deposit back?  Why did this happen? Mortgages are denied for a variety of reasons.  Is this a common occurrence for home buyers?  Not at all. There are exceptions.  For example, a buyer lost their job.  You can’t get a mortgage if you have no income.  This is a rare occurrence because home buyers commit to a…