Our Home Buyer Wasn't Approved for a Loan-What Now?
Our Home Buyer Wasn't Approved for a Loan-What Now?
Sometimes, home buyers aren't approved for a mortgage. Here's why, what happens next, and what home sellers in this situation can do.
Jeanne Sager, provided by
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If you're selling a home, it's always exciting when a buyer makes an offer that you accept. Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn't approved for a mortgage.
What now?