Not every file gets approved exactly how it was originally submitted to the lender. The key is to be flexible and to be able to amend or change things as required by the lender. It could be a larger down payment if possible, paying off some more debts or the addition of a co-signer. All these things change the context of the loan and can take it from a decline to an approval.
Don’t take the first no or decline as a reason to believe that your mortgage request will never get done. There is more than one lender through the broker channel and plenty of ways to restructure ( legally & ethically) your request for approval. In addition to the AAA lenders, I also have access to a few alternative lenders and several private sources as well.
Today I am thankful for being able to finish my morning run just before the rains came, taking the first of my kids to get her second shot and having clients who are flexible and able to adept to lenders needs to get their requests approved.
“The measure of intelligence is the ability to change.” Albert Einstein
I look forward to hearing from you in regard to your mortgage needs.
p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).
p.s.s.s You can download my new mortgage app here