The Top Five Documents Provided To Me By Borrowers That Automatically Killed Their Loan Request

top 5 ways to get your loan not-approved

5. Five year projection with all revenue and expenses at 0.

4. Last two years tax returns showing loses of over $1 million each year

3. Borrower statement on executive loan summary “ I won’t be investing any of my own capital and I won’t sign a personal guarantee.

2. A “Business Plan” entitled “Sample Business Plan” with contents describing a mythical company that has nothing to do with the company requesting the loan.

1. Borrower resume that shows “Federal Prison” for 3 1/2 years and “Mortgage Fraud” as the explanation.

As I always say, you just can’t make this stuff up!