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If the bank approves a mortgage can cmhc decline it

 
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Asked by
Howard


If the bank approves a mortgage can cmhc decline it?
0     In Bank Cont.03

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    Q. Does it take longer to approve a mortgage or decline rbc?


    "If you go with royal bank they will put you under scanner..."



    Yes I personally applied for Mortgage with RBC but they declined without any good reason, then applied at TD they approved it without any stupid question. If you go with Royal Bank they will put you under scanner and will investigate like detectives. So try TD, don`t waste your time with Royal Bank.

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    Can you help us by answering one of these related questions?
    1. What happens if bank sells the property to cmhc?
    2. Does cmhc pay the banks bank in full?
    3. If cmhc declines can the bank negotiate?
    4. What happens when cmhc pays the bank for a house?
    5. Can my bank remove cmhc insurance?
    6. What if the bank approved my loan but cmhc said no?
    7. What happens to your cmhc insurance when you switch to a new bank?
    8. What if the bank gives you a pre approval but cmhc turns you down?
    9. Do most applicants with bank approval qualify for cmhc?
    10. Does cmhc turn down mortgages after approval by a bank?

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