Home Buyer Wasn’t Approved for a Loan—What Now?
If you’re selling a home, it’s always exciting when a buyer makes an offer that you accept. Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage.
If you find yourself in this situation, you could be thinking all hope is lost. But it turns out there are a few paths you can still take. Here’s what the experts say is likely to happen, and what you can do if you want to salvage the deal.