What can I do if I am rejected for a mortgage loan?

What can I do if I am rejected for a mortgage loan?

Ron Goodlin (Mortgage Banker and Broker, The Goodlin Group) gives expert video advice on: Will lenders look at my bank accounts?; What can I do if I am rejected for a mortgage loan?; How much of my monthly payment is considered interest? and more...

Well, if I'm talking to you as a mortgage broker and you get rejected for a mortgage loan, then unfortunately you just cannot qualify for a home at this particular time. I can go out to lending institutions for a mortgage loan, whether it's A-Paper borrower (it's called Alt-A), or subprime lending. I can do 100 percent financing. If I can't get it done, then once again, you either need to find a co-borrower, save up more money, or get a better job before you go out and try to look for a home.