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Can the home loan underwriter reject my application for the loan?

Can the home loan underwriter reject my application for the loan?

Reader question: “My loan officer stated that my application file moved towards the underwriter. I’m just wondering simply how much i need to be worried about at this stage. Can the mortgage underwriter reject my loan application at this time regarding the procedure? Or perhaps is a software typically ‘home free’ when it offers been passed along in this real method? ”

Yes, your loan could be refused throughout the underwriting phase. Continue reading