Reapplying for a refinance loan

If your MPOWER loan application was declined, you can reapply after a waiting period. Here are some important things to keep in mind:

• Review the decline letter:
  • Understand the reasons: You will have received a detailed letter explaining why your application was declined. Review this letter to understand the reasons and identify any actions you can take.
  • Address the decline reasons: Before reapplying, address the issues mentioned in the decline letter. This can improve your chances of a successful application or help if you decide to request an appeal.

Reapplication timeline 90-day wait: You can submit a new application 90 days after being declined. Please note that if your circumstances have not changed, the loan decision may also remain unchanged.