Denied for a Mortgage
Hello BP,
Just came across the site a few days ago and I'm grateful I did because I've learned a lot already. Tried to pre-qualify for a mortgage today and was denied. I have a lot of student loan which is my issue. I'm really excited about getting into the real estate industry but I've hit a road block today. I have some money in my 401k that i can take out but I'm not sure if this is the right decision. Also I don't really want to mix business with my family so not to worry about messing up relationships.
Please advise, Udy