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Wierd Mortgage Request: 'Justify my commute'...
Self
| 10/12/22
| Self
Posted on 10/12/2022 4:20:41 PM PDT by Salgak
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1
posted on
10/12/2022 4:20:41 PM PDT
by
Salgak
To: Salgak
Justify BiXiden’s w/e commute to his Del. basement first.
2
posted on
10/12/2022 4:22:52 PM PDT
by
Paladin2
To: Salgak
How is that their business? They need to need to make sure you can pay your mortgage nothing else.
3
posted on
10/12/2022 4:23:48 PM PDT
by
madison10
(There is no King, but Jesus.)
To: Salgak
I have never been asked how far my commute was for any mortgage.
4
posted on
10/12/2022 4:23:51 PM PDT
by
caver
To: caver
“I have never been asked how far my commute was for any mortgage.”
A lot has changed in America over the last 2-5 years.
5
posted on
10/12/2022 4:25:41 PM PDT
by
MayflowerMadam
(It amazes me how much "exercise" and "extra fries" sound alike.)
To: Salgak
Which mortgage company is this?
6
posted on
10/12/2022 4:26:02 PM PDT
by
CaptainK
("If life's really hard, at least its short")
To: Salgak
Dear Lender,
Referring to my long commute, it is the job where I earn enough money to afford to pay the mortgage on the house. Of course I could find a job closer to my house, but the pay would not be sufficient to afford the house and mortgage. This would make neither of us happy. Of course you should be happy that I am willing to put in the effort to earn enough to afford this house.
7
posted on
10/12/2022 4:26:45 PM PDT
by
Lockbox
(politicians, they all seemed like game show hosts to me.... Sting)
To: Salgak
Just tell them you’re transgender. They’ll let you commute all over the place.
To: madison10
Perhaps, as part of making sure he can pay his mortgage, they became concerned that the long commuting distance may cause him to quit the job?
9
posted on
10/12/2022 4:28:46 PM PDT
by
jpp113
To: CaptainK
It’s a broker, they will sell the mortgage to someone else as soon the 3-business-day ‘cooling-off’ period has passed...
10
posted on
10/12/2022 4:29:00 PM PDT
by
Salgak
(You're in Strange Hands with Tom Stranger. . . .)
To: madison10
How is that their business? They need to need to make sure you can pay your mortgage nothing else.
FDIC chartered banks have to follow various bank regulations that require them to provide a lot of information that is not directly related to how able are you to pay the mortgage (e.g. CRA, HMDA). A VA mortgage is subject to additional regulations, and the guarantor (VA) is allowed to stipulate additional conditions. The VA rate is probably better than a straight up rate, and unfortunately, these are the strings tied to the enticing lower rate.
11
posted on
10/12/2022 4:29:12 PM PDT
by
Dr. Sivana
(What was 35% of the Rep. Party is now 85%. And it’s too late to turn back—Mac Stipanovich )
To: Salgak
Tell them you are a pimp and you rent out child sex slaves and the only people with the money and taste for your services are mortgage bankers, so I drive to their neighborhoods and homes to sell my products
12
posted on
10/12/2022 4:30:36 PM PDT
by
eyeamok
(founded in cynicism, wrapped in sarcasm)
To: Salgak
They are concerned this home is not your residence.
13
posted on
10/12/2022 4:32:07 PM PDT
by
Raycpa
To: Salgak
I last went through a full mortgage process in 2009 & was amazed at the intrusive nature of the questions then on funding sources. Not surprised that the situation has not improved.
14
posted on
10/12/2022 4:32:30 PM PDT
by
T-Bird45
(It feels like the seventies, and it shouldn't. )
To: Paladin2
Biden used 3500 pounds of jet fuel to go to Hagerstown, Maryland. He could have ridden his bicycle.
15
posted on
10/12/2022 4:33:32 PM PDT
by
Governor Dinwiddie
(LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
To: Raycpa
The home I have been living in for 15 years? Unlikely
16
posted on
10/12/2022 4:34:30 PM PDT
by
Salgak
(You're in Strange Hands with Tom Stranger. . . .)
To: Salgak
They’re going to circle-back later and offer you a loan on an EV because you’re using so much gas in your commute.
17
posted on
10/12/2022 4:35:11 PM PDT
by
moovova
To: Salgak
Find another mortgage company.
Sounds like ESG and the new “social credit system” that is about to be implemented.
None of their business where you work or how far you commute!
What if you travel and have to drive 250 miles round trip for business meetings?
18
posted on
10/12/2022 4:35:16 PM PDT
by
Roman_War_Criminal
(Jesus + Something = Nothing ; Jesus + Nothing = Everything )
To: Salgak
Does your job allow you to work remote? If so, that can be your explanation.
We had to do that recently for a VA client whose office was 3+ hours away, and have had the request several times (corporate office versus local office, etc.), so it’s not that unusual.
To: Salgak
Making sure they are not mortgaging an investment property, a secondary home, or a vacation home. It’s underwriting rules.
20
posted on
10/12/2022 4:39:10 PM PDT
by
blackdog
(The head, hands, and heart, serve even further than the purse. )
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