Totally agree, but I'm starting this thread because I want to hear the specialized experience of if anyone has experienced a rejection of a HELOC application because the first mortgage was an ARM product.

Now if you do this 10 or 15 times and get rejected, maybe that changes.

I would say that 90% of the time our offers are rejected as "too low" since we are making them based on our internal standards and yield expectations. 

They usually just try to cycle reject tenants from other properties.

I have had sellers reject cash offers, only to come back to me later offering to sell me the same property for *less* than my original cash offer, once they realize either a) the property is overpriced, or b) no one can get financed for the property for whatever reason.

@Kelly Bellini I would reject both and move on to the next applicants.

Yes, it is a numbers' game, but some important points I keep in mind when looking for properties on the MLS:Usually I go after properties that have been listed on the MLS for 90+ days;I talk to the listing agent and get him/her on board before I send the contract over (why I am offering the price that I want to offer, low earnest deposit and I also let them keep both sides of the commission;)If the offer is rejected, I ask why - I have nothing to lose at that point.

I have found that by asking the right questions in the initial phone interview, most of which are covered in the response posts here, I can eliminate 90% of potential applicants without ever having them fill out an application and therefor not having to reject applicants.

I think it is the fear of rejection or not meeting their expection.

All the while people are putting in offers and getting rejected.