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The next hurdle is financing your purchase, and that can be tricky.
Here are four mistakes you may have made that resulted in yourmortgage tool being rejected.
But your score isnt the only thing lenders consider.
They also look at your credit report to verify your payment history.
And in some cases, negative information is incorrect.
Before you reapply for a loan, check your credit score to confirm you qualify for financing.
Just because one lender turns you down doesnt mean all will.
Lenders look at two different types of DTI.
The second is your total debt payments, including house payment, compared to your income.
If either of these ratios is too high, you could be rejected for a mortgage.
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