Congratulations??? Should that not be “Sorry”?
Many people in today’s market are hesitant to apply for a mortgage, whether it be a purchase or refinance. They are scared, or more so embarrassed, about the possibility of being denied for the loan. However, those that are denied for a mortgage are one step closer to getting approved than those that sit around doing nothing and hoping that time will solve their problems.
Unlike many insitutions, Knightlines Mortgage Services, LLC views a denial as an opportunity to help and eventually turn that denial into an approval. We do not just send you a simple letter that says your mortgage has been denied with a generic reason (usually something like “Decision was based on information obtained from a credit reporting agency.”) That does a lot of help… what information on the report?
If a borrower is denied because of derogatory credit, Knightlines will work with the borrower on how to improve the credit to meet qualifying standards. In some cases, it could just be a matter of removing old information that is incorrect. In others, it can be formulating a plan that can have you in a new home within 3-6 months. And in extreme cases, it can take up to 12 months. But any way you slice it, Knightlines works with you to get that home. We do not just send a letter and say sorry, try again later.
If the issue is more than credit keeping a borrower from their new loan, we structure a plan. The plan could be as simple as a budget to help save money each month so reserves can be met. Whatever the issue is, Knightlines does not stop when a denial is obtained.
So, if you are concerned about being denied, do not be. We are here to help. And who knows, you might just already be approvalable. Call us today to start you path to being approved. Or apply online now for same day decisions.
Comments
I found your resource via Google on Thursday while searching for home mortgage online and your post regarding Your mortgage loan has been denied. What is next? | Knightlines Mortgage Services, LLC looked very interesting to me. I just wanted to write to say that you have a great site and a wonderful resource for all to share.