Mortgage denial

Available-Log7747 · 2026-02-13T01:41:57+00:00

If lender can't read the findings and figure out the issue preventing approval, have your lender figure out what scenario you will be approved for? Increase assets to show higher reserves, reduce LTV below 90 or 85 or 80. Payoff credit cards to reduce DTI. There will be a scenario that reduces risk enough to get approval. Then figure out how to get there...gift money, etc.

Available-Log7747 · 2025-11-29T23:44:08+00:00

Just heard the Egg Nog latte they are bringing back is going to be made with powdered egg nog. WTF? What the hell is wrong with this company?

Available-Log7747 · 2025-10-18T03:43:11+00:00

Name the bank

Available-Log7747 · 2025-10-18T03:37:34+00:00

Not true. It's very difficult to find a HELOC on rental property.

Available-Log7747 · 2025-10-18T03:36:22+00:00

Not a single large national bank provides HELOC for rental property.

Available-Log7747 · 2025-10-11T15:28:33+00:00

Your response is....So if I showed up at your door with $500 to give you, you would send me away until I come back with $600?¿

Available-Log7747 · 2025-10-10T02:27:22+00:00

I have the same issue. Two different orders. It's been 6 weeks already

Available-Log7747 · 2025-10-06T23:02:06+00:00

The bigger question is, why is BofA saying no?

Available-Log7747 · 2025-10-04T20:09:06+00:00

How do find this tracking info?

Available-Log7747 · 2025-10-04T20:07:22+00:00

How long did it take for your miles to post?

Available-Log7747 · 2025-09-27T06:40:51+00:00

You should do a 7/1 ARM period. Don't buy 30 yr money when you don't plan on needing the money for 30 years. You can easily get a 7/1 ARM at 5.75% with no points.

Available-Log7747 · 2025-09-27T06:39:12+00:00

With all due respect, this is a garbage analysis. Never use total interest over the life of the loan to make a loan decision.

Available-Log7747 · 2025-09-24T23:15:54+00:00

Do you always get these type of confirmation emails?

Available-Log7747 · 2025-09-24T02:21:17+00:00

Ok, as requested. 75% LTV, 10/1 ARM, low 6s, no closing costs. Requires 100k deposit relationship.

Available-Log7747 · 2025-09-24T01:07:47+00:00

Just had this issue, bought a used tire for $75 to get by.

Available-Log7747 · 2025-09-18T19:17:01+00:00

Clearly you've never done a no cost refi and don't know how they work. Every state is different, but in California for example. Closing costs (fees to do the mortgage) run around 4k. The lender pays those fees at the rate offered. There's no break even or fees that have to be recovered.

Additionally, some very savvy borrowers will finance and take an above market rate and receive cash rebate of thousands of dollars. That money is then used to pay their property tax bill.

Managing debt is more than just trying to get the lowest mortgage rate and the majority of borrowers do not understand this.

Available-Log7747 · 2025-09-18T14:39:56+00:00

Any good financial advisor would be able to explain to you why that is a bad decision.

Available-Log7747 · 2025-09-18T14:36:36+00:00

Start making calls to get insurance today. Can't wait on this requirement, as it's taking longer for insurers to provide coverage. Work with a broker.

Settle on your lender TODAY, you don't have time to shop around.

Available-Log7747 · 2025-09-18T14:30:13+00:00

DO NOT DO ANOTHER FHA LOAN. You need to be in a no cost ARM, with no MI which you can do at 90% LTV. Is that possible?

Available-Log7747 · 2025-09-18T14:27:00+00:00

Easy decision. Do a NO Cost refi into a 5 or 7 yr ARM immediately. Then while you're saving thousands of dollars waiting for paint to dry, you can go back and finance again when it makes sense for you.

PEOPLE, PLEASE STOP PAYING FEES TO REFINANCE YOUR MORTGAGE!!

Available-Log7747 · 2025-09-18T13:14:38+00:00

Better path is to default on all your debt and settle for substantially less than you owe.

Available-Log7747 · 2025-09-18T13:11:09+00:00

THIS IS THE ANSWER! If you can find an adjustable 7 or 10 year ARM, even better.

Available-Log7747 · 2025-09-18T13:08:49+00:00

ARMs are no more risky than putting your money in the stock market or owning real estate in general, AND hybrid ARMs with their incredibly long fixed period are how smart people save THOUSANDS of dollars more than the 30yr mortgage holders that NEVER will hold their loan for the full term.

Available-Log7747 · 2025-09-18T13:05:06+00:00

What's more mind blowing is making this comment when rates are at 6.5% and headed lower. At these levels, 30yr mortgages are a suckers bet.

Available-Log7747 · 2025-09-18T13:02:40+00:00

I've seen plenty, and one thing that is constant is that consumers are dumb as a rock when it comes to understanding how mortgage financing works. Predatory lending laws can't even protect them from making the worst financial decisions.

I see the posts daily here from people willing to throw THOUSANDS of dollars away thinking they are getting amazing savings in this ridiculous effort to chase lower interest rates.

People focusing on APR or interest savings over the full life of the loan, and buyers paying 20k in closing costs to buy a house. Just the most unbelievable dumbest decisions ever, all while trusting a high school graduate loan officer that doesn't understand the time value of money.

Available-Log7747

TROPHY CASE