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Each time you apply for a loan you get an enquiry on your credit report, this includes pre approvals. If you have a bunch of credit enquiries lenders will start to get suspicious and may assume there's some reason why other lenders aren't giving you the money. It can lead to loans being...

Was the loan mortgage insured? Often the final stage of a loan is to run it past the mortgage insurer. The don't do this as part of the pre-approval process. It's not uncommon for the mortgage insurer to ask for additional documentation and they do have the power to decline the application at...