If a prospective homeowner receives a rejection of his or her mortgage application, it should not be cause for abandoning hope. With the help of an accountant or other financial professional, the conditions of the loan may be altered to make them more acceptable to the lender. It may simply be that the applicant did not supply the lender with adequate documentation, in which case pay stubs, income statements and supporting information should be checked. Applicants also make the common mistake of overlooking pension or other assets, giving the lender the impression that their total worth is less than it really is. If an applicant's debt-to-income ratio is of concern, the applicant may learn ways to consolidate debts in a longer-term, low-interest loan.

Buying a new home is a stressful situation for most individuals. There are so many details to attend to. It is a shame to submit a mortgage application without having a financial advisor first review your personal income statement and balance sheet. I want to enhance your chances of getting the mortgage approved. Please feel free to call me at 431-2163 to schedule an appointment for any financial advisory matters. I am conveniently located at 445 Washington St., Wellesley.

FREE Blood Pressure Clinic on Saturday May 15th, from 10 a.m. to 12 noon at the high school.