Tuesday, April 20, 2010

This Mistake Could Kill Your Loan...

Good Morning!



Avoid potential loan killers...



If you are applying for a loan and you have NSF charges in your bank statement - this is 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.


Thanks for reading! ...and have a good day!



Brett

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