Answer:
Find out the reason why the loan was rejected
You can also look for another lender
Explanation:
Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.
Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.
So a quick google search can help you out here fam. Apparently Merced has it's own community college district so you can google for that. That being said there's Merced Main Campus, Los Banos Campus, and some other campuses that are a part of Merced College. You can find them all here on their website:
http://www.mccd.edu/about/locations.html#off-campus
Firstly, they need to prepare a family consumption budget so as to know where they money is being spent.
Secondly, they should prepare potential income streams, a comparison between owning their home and renting out.
