I could use some guidance right now.I've been working two jobs for the past year; a restaurant job for three years and a commission-based job with a real estate investment team for the past year.I'm renting right now, but for the past year, I've saved about $25,000 to put me in a strong position to buy my first personal investment property.Last week, I applied for a mortgage through US Bank, and I just found out I was denied because of my income.

You see in real estate for some reason we seem to think that we can deny all business fundamentals and that somehow, our situation is different.

You should be able to deny if someone is unemployed.

Would you automatically deny someone whose credit score is under 700?

E-signed leases are enforceable generally, but one still needs to be able to attribute the signature to a particular person -the signer- and overall make sure that there is evidentiary support that the signer is indeed who they say they are, in case they try to deny it later.

We've been denied twice when we tried this a year ago and it was because the company didn't have 2-years tax returns.

I would need to know more before automatically denying someone for credit score.I've rented to people with scores under 550 and they've been really good renters.

Its possible if we did then the claim would of been denied.

can a lender deny someone from putting in a reconsideration letter for a low appraisal ?

Your lender may allow you to add a clause that says in the event of a sale, you can use the sales proceeds to pay off that portion of the note, which will then release that asset from the collateral agreement.Any experts here who can confirm or deny my thoughts?