Home > Blogs > Florida > Sarasota County > Sarasota > Your Sarasota, Florida Mortgage Loan Denied? Just Apply Again.

Chris Brown's Blog

By Chris Brown 407-367-2974 | Mortgage Broker
or Lender in Lake Mary, FL

Your Sarasota, Florida Mortgage Loan Denied? Just Apply Again.

Even though borrowers qualify for a government sponsored refinance, they still may not be able to get a refinance thanks to "investor overlays".  These are requirements set by individual lenders that go above and beyond the government's requirements.  To the lenders, overlays make sense, to the government, they prevent otherwise qualified borrowers from getting the mortgage help they need.

Continue to the full article...

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer