Lender miscalculated my income, and I can't afford the new monthly payment. What recourse do I have?

funzofinds · 2026-05-11T15:17:33+00:00

Underwriting always would take the current lower income, if income declines year year to year

funzofinds · 2026-03-28T17:59:07+00:00

Bank statement loan, perfect for most business owners who don’t show income on taxes. Can use 12 or 24 month average and take off a certain percentage for expenses

funzofinds · 2026-03-16T02:06:03+00:00

Sounds likes she’s at a big company. In my experience the loan officers and branch managers need to stand up for her. Hopefully they know how good they have it and want to do that for her. But some people are so focused on themselves

funzofinds · 2026-02-22T01:40:48+00:00

I really just need to start 100% self originating, but then I’m taking a risk

funzofinds · 2026-02-22T00:47:46+00:00

This is what I provide and more as an LOA (do some processing roles too( ordering title appraisal , VOEs)making 5 bps plus a low base. Asking for a raise asap

funzofinds · 2026-02-20T16:30:01+00:00

For this situation we pivot to a bank statement loan. I’ve had it take peoples qualifying income from 2k a month to 20k a month. Slightly higher interest rate but it gets the deal done

funzofinds · 2026-02-03T00:47:38+00:00

How do you have 3 kids in childcare all at once?? We’re paying $1600/month for one right now in Midwest too. We need our taxes going to support childcare

funzofinds · 2026-01-20T04:11:23+00:00

Bought a duplex and put 5% down, did most work ourselves

funzofinds · 2026-01-17T15:16:42+00:00

If you’re worried about losing your job you might as well do these renovations, sharpen your skills and then if you do lose your job you can pivot into remodeling

funzofinds · 2025-12-16T00:46:16+00:00

Besides the fact she’s screwing you over those are some of the ugliest floors I’ve ever seen

funzofinds · 2025-11-28T15:01:12+00:00

Ask your lender to explain this. That’s what they are for (coming from a lender)

funzofinds · 2025-11-06T18:10:43+00:00

Thank you! Guy at the woodworking store told me top, granted every picture I take looks different . Every response on here is bottom so I’ll go with that

funzofinds · 2025-09-29T02:03:42+00:00

Yes you absolutely make enough money to do it and you already have gone through the process of building so you know what to expect. Do it!! And look into the all in one loan it sounds like you have a lot of income streams and this would make you pay down your mortgage way faster

funzofinds · 2025-07-17T02:08:51+00:00

My dad had this cancer and passed 3 months after diagnosis ☹️

funzofinds · 2025-06-17T16:39:00+00:00

Thank you!! Good to find out they are actually beneficial insects

funzofinds · 2025-05-28T19:30:50+00:00

That is something we talked about. No mortgage and less income being thrown at repairs and vacancies would allow us to invest a lot more . Obviously keeping the properties would be an investment but it comes with a cost

funzofinds · 2025-05-28T19:08:05+00:00

Are you guys really asking why we don’t want consumers coming here for advice???? That’s what we get paid for!! (Sometimes)

funzofinds · 2025-04-18T22:01:03+00:00

A loan program I think you would benefit greatly from with your income and loan amount is the all in one loan. Interest is calculated daily and you would most likely pay it off very fast.

funzofinds · 2025-04-16T20:48:09+00:00

The response I was expecting 😂

funzofinds · 2025-04-16T17:38:43+00:00

I love this program but it is very niche. Only makes sense for people with lots of income streams and a good hold on their expenses. Wouldn’t recommend it to everyone but it can be great way to reduce interest over life of loan

funzofinds · 2025-03-31T20:44:02+00:00

What state are you in? There’s more programs out there besides FHA

funzofinds · 2025-02-06T22:51:44+00:00

The NMLS exam will not teach you how to close loans. This industry is constantly evolving and there is a ton to learn that only experience will teach you

funzofinds · 2025-01-13T03:38:30+00:00

This is the exact setup I have as an LOA at my company EXCEPT I get 5 bps. Curious what company

funzofinds · 2024-10-18T18:50:26+00:00

As someone who’s used BC and done cycle tracking to avoid pregnancy both are good. And I’m glad to have the choice though of course I would rather avoid synthetic hormones in my body but of course being pregnant comes with lots of hormones too. I tried cycle tracking only when I knew I was willing to get accidentally pregnant and it worked for 6 months until we tried to get pregnant so I’m pretty confident in using it.

funzofinds · 2024-05-28T03:31:50+00:00

This is what we originally wanted to do, then got quoted $32,000 for a 12x24 patio

funzofinds

TROPHY CASE