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  • March 3, 2011 at 10:47 AM #673920
    Coronita
    Participant

    Don’t feel bad. They did the same thing to me. I have a >800 credit score and was fully doc’ed, and my LTV was <50%...

    Some advice: don't be moving some money around too close to closing from the accounts that you provided to them.

    March 3, 2011 at 11:58 AM #672780
    SD Transplant
    Participant

    had the same experience………90 days escrow on a short sale w/ the rate locked…..and we were redoning the same paperwork “n” diffrent ways. In fact, we passed the extension days & had to extend the lock (fun).

    Both our credits were above 800 + I’ve held the same job for close to 10 yrs.

    After about 2 months into the process, the mortgage doc specialist calls me to explain in writing my recent”CREDIT INQUIRES” to our accounts. I had to go back to ask who made these inquires since I don’t know what you’re seeing (I then found out it was the bank itself that made the inquiries to give me the loan……LOL)…..I had to explain that in a letter……

    March 3, 2011 at 11:58 AM #672841
    SD Transplant
    Participant

    had the same experience………90 days escrow on a short sale w/ the rate locked…..and we were redoning the same paperwork “n” diffrent ways. In fact, we passed the extension days & had to extend the lock (fun).

    Both our credits were above 800 + I’ve held the same job for close to 10 yrs.

    After about 2 months into the process, the mortgage doc specialist calls me to explain in writing my recent”CREDIT INQUIRES” to our accounts. I had to go back to ask who made these inquires since I don’t know what you’re seeing (I then found out it was the bank itself that made the inquiries to give me the loan……LOL)…..I had to explain that in a letter……

    March 3, 2011 at 11:58 AM #673452
    SD Transplant
    Participant

    had the same experience………90 days escrow on a short sale w/ the rate locked…..and we were redoning the same paperwork “n” diffrent ways. In fact, we passed the extension days & had to extend the lock (fun).

    Both our credits were above 800 + I’ve held the same job for close to 10 yrs.

    After about 2 months into the process, the mortgage doc specialist calls me to explain in writing my recent”CREDIT INQUIRES” to our accounts. I had to go back to ask who made these inquires since I don’t know what you’re seeing (I then found out it was the bank itself that made the inquiries to give me the loan……LOL)…..I had to explain that in a letter……

    March 3, 2011 at 11:58 AM #673589
    SD Transplant
    Participant

    had the same experience………90 days escrow on a short sale w/ the rate locked…..and we were redoning the same paperwork “n” diffrent ways. In fact, we passed the extension days & had to extend the lock (fun).

    Both our credits were above 800 + I’ve held the same job for close to 10 yrs.

    After about 2 months into the process, the mortgage doc specialist calls me to explain in writing my recent”CREDIT INQUIRES” to our accounts. I had to go back to ask who made these inquires since I don’t know what you’re seeing (I then found out it was the bank itself that made the inquiries to give me the loan……LOL)…..I had to explain that in a letter……

    March 3, 2011 at 11:58 AM #673935
    SD Transplant
    Participant

    had the same experience………90 days escrow on a short sale w/ the rate locked…..and we were redoning the same paperwork “n” diffrent ways. In fact, we passed the extension days & had to extend the lock (fun).

    Both our credits were above 800 + I’ve held the same job for close to 10 yrs.

    After about 2 months into the process, the mortgage doc specialist calls me to explain in writing my recent”CREDIT INQUIRES” to our accounts. I had to go back to ask who made these inquires since I don’t know what you’re seeing (I then found out it was the bank itself that made the inquiries to give me the loan……LOL)…..I had to explain that in a letter……

    March 3, 2011 at 12:22 PM #672729
    mp7444
    Participant

    Thanks jimmyle for the warnings. We have pretty much the same profile. Good to know before hand. Keep us posted!

    March 3, 2011 at 12:22 PM #672791
    mp7444
    Participant

    Thanks jimmyle for the warnings. We have pretty much the same profile. Good to know before hand. Keep us posted!

    March 3, 2011 at 12:22 PM #673402
    mp7444
    Participant

    Thanks jimmyle for the warnings. We have pretty much the same profile. Good to know before hand. Keep us posted!

    March 3, 2011 at 12:22 PM #673539
    mp7444
    Participant

    Thanks jimmyle for the warnings. We have pretty much the same profile. Good to know before hand. Keep us posted!

    March 3, 2011 at 12:22 PM #673885
    mp7444
    Participant

    Thanks jimmyle for the warnings. We have pretty much the same profile. Good to know before hand. Keep us posted!

    March 3, 2011 at 9:00 PM #673007
    paramount
    Participant

    I recently got an approval and went through a similar process. My hitch was that I had to show enough income to pay for my current house and the new house. I could not count any rental income, which to me seems a bit ridiculous in some ways.

    Back in late 2002 I went through a similar rigorous process to get my mortgage through Wells Fargo on my current house; which is why I had no idea that at the same time basically anyone could get a mortgage. Yes, I got burned.

    March 3, 2011 at 9:00 PM #673066
    paramount
    Participant

    I recently got an approval and went through a similar process. My hitch was that I had to show enough income to pay for my current house and the new house. I could not count any rental income, which to me seems a bit ridiculous in some ways.

    Back in late 2002 I went through a similar rigorous process to get my mortgage through Wells Fargo on my current house; which is why I had no idea that at the same time basically anyone could get a mortgage. Yes, I got burned.

    March 3, 2011 at 9:00 PM #673677
    paramount
    Participant

    I recently got an approval and went through a similar process. My hitch was that I had to show enough income to pay for my current house and the new house. I could not count any rental income, which to me seems a bit ridiculous in some ways.

    Back in late 2002 I went through a similar rigorous process to get my mortgage through Wells Fargo on my current house; which is why I had no idea that at the same time basically anyone could get a mortgage. Yes, I got burned.

    March 3, 2011 at 9:00 PM #673814
    paramount
    Participant

    I recently got an approval and went through a similar process. My hitch was that I had to show enough income to pay for my current house and the new house. I could not count any rental income, which to me seems a bit ridiculous in some ways.

    Back in late 2002 I went through a similar rigorous process to get my mortgage through Wells Fargo on my current house; which is why I had no idea that at the same time basically anyone could get a mortgage. Yes, I got burned.

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