Even if it is not a complete mortgage application, you must still provide information to reach an agreement in principle. If you turned down a mortgage because the lender didn`t think you could afford to pay off, you`ll see what you can do to redistribute your money – either by increasing the amount you earn each month or by reducing your cost of living. You can also try to reduce the amount you need to borrow by increasing your deposit – for example, you could plan how to save more or use one of the government`s buyback assistance programs such as condominium, equity loan, or ISA. If you are turned down – either for an agreement in principle or for a formal mortgage offer – it is highly recommended that you check your credit information before you set off to apply elsewhere. Not only does it tell you if there are any obvious mistakes that lenders may not want to see, but it can also help you get accepted for some of the best mortgage deals…