Almost 1 in 3 Mortgages Were Denied Last Year
It is so funny that I got this article through my RSS feed because for the past 2 weeks I have been trying to find a statistic on mortgage denials. The reason I was looking so hard is because day in and day out I deal with clients who only care about interest rates. I have said this numerous times that more importantly is dealing with someone who knows what they are doing and will close your loan.
I tell my clients that I have very competitive interest rates but no matter what someone is trying to get, whether a service or product, you can always find it cheaper, with anything. But, in the end, you get what you pay for. I cannot stress this enough no matter how great your credit is, how much money you make, how much money you have saved, etc. your loan could fall apart.
The bottom line is to be careful with who you deal with.