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What Factors Can Derail Your Mortgage Approval?

Posted onApril 08/2019By

Mortgages are tricky transactions, partly because banks and lenders are cautious about giving approvals for a second mortgage. The will be equally cautious about making the final transfer of funds to a bank account. Various checks need to be performed, reports filed, and legal work completed. Second Mortgages Even if you have been approved for a second mortgage, your application can be derailed if your circumstances change at the last minute. That means you may not actually receive the funds. Remember that even if you have been approved for a mortgage, your bank or lender is still monitoring your financial…

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