What can stop you from closing?

However, some things can prevent a loan from being closed. You may have lied on the application, that interest rates will rise significantly, your employment situation may change, or your credit rating may go down.

What can stop you from closing?

However, some things can prevent a loan from being closed. You may have lied on the application, that interest rates will rise significantly, your employment situation may change, or your credit rating may go down. Ask your lender how you can avoid problems like these. In addition, potential lenders owe you an explanation in case the funding fails.

Race, religion, and national origin should never delay anyone's dream of homeownership. A promotion is often a moment of joy because your employer notes your hard work and dedication to your workplace, but this couldn't come at a worse time. Many may see this differently because it's the same workplace, but a change in income could prevent the shutdown. Lenders consider job and income stability because this shows their ability to pay the mortgage.

Noelle Fredette
Noelle Fredette

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