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Mann & Sons Inc

414 Rehoboth Ave Rehoboth Beach, DE, 19971
Office: 302-227-9477

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Tagged : Lending Rules

Found 1 blog entry tagged as "Lending Rules".

Mortgage Lending Rules

Sometimes, even after your mortgage application has been approved, you have to scratch your head at apparent non-sequiturs that attach to the process (for instance, when a loan is made contingent upon your repaying an ultra-low-interest credit account).

Even more so if your perfectly dandy financial situation results in a turndown. How could this happen? The answer usually makes perfect sense…but only if you understand that bankers and mortgage brokers are bound by policies and procedures that apply to everyone currently buying homes in Rehoboth Beach. Knowing the rules ahead of time can influence how readily mortgage applications are approved. Some guidelines:

Forget adding "mattress money." 

Your bank account gets a thorough going-over, of

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