Justify BiXiden’s w/e commute to his Del. basement first.
How is that their business? They need to need to make sure you can pay your mortgage nothing else.
I have never been asked how far my commute was for any mortgage.
Which mortgage company is this?
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.
Just tell them you’re transgender. They’ll let you commute all over the place.
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
They are concerned this home is not your residence.
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.
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.
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?
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.
Making sure they are not mortgaging an investment property, a secondary home, or a vacation home. It’s underwriting rules.
It’s actually pretty common, and due diligence on the part of the underwriter. A very long commute can cause some level of risk or possibly indicate you intend to switch jobs.
https://www.credit.com/blog/the-surprising-way-your-job-can-impact-your-mortgage-121451/
Curious how long your commute is that triggered that question? Commutes of an hour are common around me. Much beyond that is pretty rare.
Maybe the rates have increased since you ‘locked in’
This is their way out?
We tried to refinance @ 2.25% when, unexpectedly my worthless brother must have been paroled/released from prison — had eight (unsuccessful) loan applications one day. Reason enough for the lending institution to cancel the transaction...
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Slide...
I now have a credit shield...The Sheriff Department dosen’t come by anymore (over two decades) to arrest me because my idiot worthless brother ‘pretends to live ‘here.’ It took a few times to convince them.
Thats the good thing.
I also have a LOOOOOOOONG history in the gaming industry and have a perfect record - I’ve actually been fingerprinted by multiple states, institution & the FBI actually over 50 times!
Pity banks don’t realize my excellence.
Best to you!
This is nuts! If you’re closing next week, surely they wouldn’t stop it for that. Just tell them you forgot it if they say anything.
They may be concerned that the rising cost of gas will mean a big change in your available income.
Tell them you do your best thinking while driving...
-J
can you ask why???