Quote:
Originally Posted by BlackCrayon
getting a mortgage can be a retarded process for some. i think its hilarious that some banks are so hesitant despite you are paying 1k plus for rent and the mortgage would only be a few hundred more a month..
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it is seriously retarded. two banks I talked to and they said its the mortgage insurance companies that have the final say, and they are more strict about things and they dont like to use any 1099 income unless it has been pretty static over the past 3 years.
the loan officer said he knows from his end they would be fine with what I am providing to them, but when it comes to PMI companies, no dice.
the other option is to pay off a huge chunk of any credit card debt and get one of the two cars completely into my gfs name which will lower my DTI (debt to income ratio), but then I will have less to put down which will give me a slightly higher interest rate (about .25%)
or i can just come up with $60k to put down and not have to worry about the mortgage insurance companies
