Some of these are pretty obvious however some of them were a bit surprising to me even. Lending has gotten strict in recent years and little things can easily railroad a deal. It is good to speak with a lender and get them all the required info prior to offering on a home so you know you are in good shape before you send money and time.
YOU HAVE TOO MANY CHANGES IN YOUR JOB HISTORY.
YOU RETIRED EARLY.
YOU HAVE BUSINESS DEBT.
YOU RECENTLY PURCHASED OR LEASED A NEW CAR.
YOU BORROWED YOUR DOWN PAYMENT.
YOUR CONDO IS UNWARRANTABLE AND NOT ON THE FHA-APPROVED CONDO LIST.
YOU AREN'T BORROWING ENOUGH MONEY.
YOU HAVE TOO MANY COMPANY WRITE-OFFS AS A SELF-EMPLOYED BORROWER.
YOU OPENED A NEW CREDIT CARD.
YOU CLOSED A CREDIT CARD.
YOU OWE CHILD SUPPORT OR ALIMONY.
YOU PAID OFF AN OLD DEBT THAT WENT TO COLLECTIONS.
THE HOMEOWNERS' ASSOCIATION IS NO GOOD.
THE HOME DOESN’T APPRAISE FOR THE BUYING PRICE.
INTEREST RATES CHANGE.
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