Buying a home can seem like a complicated, intimidating process. But don’t let fear stop you from getting to the starting line. Getting preapproved or applying for a mortgage can help you see where you stand.
The worst that can happen is you will be denied for the loan. “Denial” is a scary word, but remember that it doesn’t mean “never” – it means “not yet.” And knowing why you were denied for the loan will help you make the changes you need to make to become mortgage ready. A good loan officer will take the time to explain your situation and will help you make a plan.
The opinions and insights expressed in this blog are solely those of its author, Tay Toliver, and do not necessarily represent the views of either Mortgage Guaranty Insurance Corporation or any of its parent, affiliates, or subsidiaries (collectively, “MGIC”). Neither MGIC nor any of its officers, directors, employees or agents makes any representations or warranties of any kind regarding the soundness, reliability, accuracy or completeness of any opinion, insight, recommendation, data, or other information contained in this blog, or its suitability for any intended purpose.