![\"\"](\"https:\/\/evoquelending.com\/usa-commercial-hard-money-lender\/wp-content\/uploads\/2017\/11\/Evoque-Lending-California-Hard-Money-Lender07.png\")
<\/p>\n<\/p>\n
If you\u2019ve been turned down by a bank or conventional lender for a loan to buy or refinance real estate, you\u2019ve probably asked some questions like these:<\/p>\n
\u2013\u00a0\u201cWhy won\u2019t the bank lend to me?\u201d<\/strong><\/p>\n \u2013\u00a0\u201cWhat can I do now that my loan application has been turned down?\u201d<\/strong><\/p>\n \u2013\u00a0\u201cHow can I get a loan after the bank rejected me?\u201d<\/strong><\/p>\n \u2013\u00a0\u201cHow can I improve my credit rating?\u201d<\/strong><\/p>\n These are common questions that thousands of people have found themselves asking during the last several years, and it\u2019s not just people who want to buy or refinance real estate. Small business owners with profitable businesses and great ideas on how to grow their businesses are being turned down for loans as well.<\/p>\n I hate to say it, but I think this is another \u201cnew normal\u201d that we\u2019re supposed to just learn to live with. Regulators and policy makers in Washington, D.C. have changed the rules that govern banks and it has caused banks and other conventional lenders to tighten up their lending policies.<\/p>\n But it\u2019s not all doom and gloom. You\u2019ve probably noticed that the California real estate market has been picking up a lot of steam recently, especially the desirable Los Angeles real estate, Orange County real estate and San Francisco area real estate. This means that some people are managing to get\u00a0loans<\/a>\u00a0funded.<\/p>\n However, it can be very tough for first-time buyers or people who took a hit in the last recession, even if they\u2019ve been doing well recently. If you include yourself in this group, you may be asking some of the questions I listed above, so let\u2019s give you some quick answers and along the way offer some solutions.<\/p>\n Why won\u2019t the bank lend to me?<\/strong>\u00a0Sometimes this is as simple as a low credit score. The standards today are higher than they were before. If it\u2019s not your credit score, it may be that you\u2019re in a line of work where it is difficult for the bank to understand your income flow.<\/p>\n What can I do now that my loan application has been turned down?<\/strong>\u00a0Some people give up at this point, but in almost all cases, that\u2019s a mistake. In today\u2019s economy, real wealth is only created by building up your assets and for almost all of us, our biggest asset is the real estate we own. You can never get wealthy or financially independent by wages alone.<\/p>\n How can I get a loan after the bank rejected me?<\/strong>\u00a0First, you can come and talk to us at Evoque Lending. Our entire business is built around helping people get the money they need to buy or refinance real estate when the banks and other lenders say no. We look beyond your credit rating. Our formula is simple: You need to have sufficient equity in your property and the ability to keep up your payments.<\/p>\n