5. Your Application was Rejected Earlier

This is a very slippery slope. If your application for a home loan has been rejected earlier, you might not fall in the good books of the bank. It might not have been your fault when you application was rejected the first time but you still need to be cautious. Leave no stone unturned in making sure that your loan application this time is 100 percent secure, with no loose-ends. Seeking professional help here too will ease your burden. The counselor can correctly point out to the mistakes done by you the first time. Don’t let the first rejection dampen your morale. If your finances are sound and paper-work complete, then no bank can reject your application. Do talk to the bank, which had rejected your application, to clarify further details. If no help turns up, then seek professional advice. If the bank is considerate enough, it might even give you a second chance.