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January 2022 | Platinum Living Realty Blog

Thursday, January 27, 2022   /   by Bob Cowan

Can I Be Turned Down On A Home Loan After Pre-Approval?

Can I Be Turned Down On A Home Loan After Pre-Approval?
                  
When it’s time to purchase a home, one of the first things you should do is get pre-approved for a home loan. In this highly competitive market, mortgage pre-approval is “the ace up your sleeve” because it emphasizes that you are serious about buying a home and have the finances to back you up.
While having a pre-approval letter gives you an advantage at the negotiating table, it’s not a guarantee that you’ll close the loan.
That said, it may surprise you to learn that lenders may turn you down for a loan even if you get pre-approved. Let’s look at some of the reasons why this may happen and how to prevent it.
What Happens During the Pre-Approval Process?
The pre-approval process is quite similar to final approval, wherein lenders gather your financial documents and see where you are at. Based on all your documentation, a ...

  your home sold guaranteed, bob cowan, january 2022

Tuesday, January 4, 2022   /   by Bob Cowan

Homeward Bound Newsletter - January 2022 | Bob Cowan

                  
As a fellow Lover of Holiday Time, I wanted to share with you some exciting news for the New Year.
It seems most people establish New Year’s resolutions, but for whatever reason they fall short of keeping them. Each year I highlight a great book that helped me and my team dramatically improve our follow through on achieving important goals and I wanted to share that with you – as sort of a Happy New Year After Christmas Gift; more on the book in a moment. If you look around, you will notice a giving spirit exists unlike at other times of the year. Why can’t it be that way everyday of every year? I think it can. It just takes effort. Here is what we are doing and how you can help.   
Some of your friends, neighbors, associates or relatives may have a New Year’s resolution to make a move. Well we can help them with that, help you and help the kids at A Walk on Water at the same timd ...

  newsletter, your home sold guaranteed, bob cowan, january 2022

Platinum Living Realty
Bob Cowan
120 Newport Center Drive
Newport Beach, CA 92661
949-441-9918
DRE# 01970237

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