Many people are unaware of this, but NSF charges on your bank statement can derail your loan.
It’s true! NSF charges are a potential deal killer for the underwriter.
If you have insufficient funds charges in your bank statement it signals to the underwriter that you are having a hard time managing your money.
The solution is to ask your lender (hopefully me!) to replace your statements with a verification of deposit.
Brett
To sign up for my weekly mortgage quick tips – CLICK HERE.
I’ve written about this before, but we have more and more people passing the age…
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…