3.19.2012 – Not 9, But 10 Tips!

I encourage you to not give up hope. Contact Source Capital before giving up on your real estate dreams!

The articles at the links below confirm what we already know. More people than ever are being turned down for home loans. Whether rejected or not, applying for a loan is an emotional endeavor. Add to the involved process of providing all necessary documentation, the stress of receiving a “no” when you have been eagerly anticipating a “yes,” and it is easy to give up hope. But don’t!

The first link takes you to a MSN Real Estate article outlining 9 tips to assist you in deciding your next step after being turned down by traditional banks. I, however, would like to add an introductory tip.

Consider this Tip #1: Contact Source Capital. Loan experts, Sacha and Pat can assist you to better understand your situation. Use the 9 additional suggestions to help further, as needed.

9 Tips If You’ve Been Rejected for a Home Loan

As you go through this, it is important to keep things in perspective. You are not alone. We are living in different times, with people from all walks of life and varying incomes and credit histories being rejected every single day. The Wall Street Journal article below comments on the large number of loans turn down in recent years.

Wall Street Journal Article Discusses Percentage of Loans Rejected

Call Source Capital at 858.705.6144 or email using our convenient online form. If you are looking for an opportunity to invest, consider helping a borrower to fund their loan. Not only is it a low risk investment option, but you will feel good knowing you are assisting someone to achieve their dream. -Sindi Somers

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