It entirely goes down to the investment. Are you worth the chance? And if you are, is your project something they can calculate? They have ways to make certain, and these ways affect you.
Banks are expecting more money down, more income, better credit valuations and more assurances that your home will affirm the value being projected for it. If you can ascertain them of whole these things, it can work. But, it is nothing like it was two years ago, if there’s a question that goes unanswered, you are expected out of luck.
What You Can Do
Unluckily, you must play their game. If you can accomplish the demands right now, you are in good shape. You are able to move forward with your plan. On the other hand, whenever you fall short, you will have to wait.
Discover what they require. And attend figure out on fixing the problems. You may need several time on your current job. You may find out that you have a credit issue to clarify. Your credit account may need to better. Your debt to profit ratio may demand to better. Ask the bank precisely what factors conduced to any loan decline and go to work to fix them.