Buying A Home
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Pre-approved but denied later for loan?
My BIL today told me that often you can get pre-approved but then later denied once you find a home and everything is being processed bc it is ultimately up to the under writer. He made it seem like this happens often and used to work in the mortage business.
DH and I have been pre-approved and are still looking for our first house but this makes me super nervous! Has anyone heard of this happening? Is it common? Rare?
Thanks and Happy Easter!