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Factors That Can Lead To A Loan Not Being Approved

⚠️🚫 Cautionary Tale: Factors That Can Lead to a Loan Not Being Approved Credit Issues: 💳 Low credit scores or recent late payments can raise red flags. Debt-to-Income Ratio: 📊 Too much debt compared to income can make lenders wary. Employment Changes: 💼 Recent job changes or gaps in employment history can affect approval. Insufficient Documentation: 📝 Missing or incorrect paperwork can delay or derail the process. Low Appraisal: 🏡 If the home’s value is less than the loan amount, it can cause issues. Avoid these pitfalls to ensure a smoother loan approval process. Need help navigating your mortgage journey? Let’s chat! 💬🏡 #LoanApprovalTips #MortgageAdvice #ExpertLending