Monday, November 5, 2012

If You Have These It Could Kill Your Loan...



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.  

Have a good day today!  ...and thanks for reading.
Brett
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