Real Estate Question
03-20-2025 | 10:34 PM
#1
Thread Starter
On Reserve
Joined: Aug 2021
Posts: 70
Likes: 12
Real Estate Question
I’ve got a friend who is coming upon year three pay, and he is within days of closing on a personal home. At the last moment, the underwriter wants more proof of income. I’m guessing they’re likely nervous after seeing his year one/two pay. He has already sent them his pay statements and the pay tables, but the lenders want more proof of future income. Something with the amount, company info, and his personal info on it. Does anyone have solutions that have worked previously?
Thanks.
Thanks.
03-21-2025 | 01:47 AM
#2
Leaves Biscoff crumbs
Joined: Jan 2020
Posts: 3,265
Likes: 941
From: Blue Juice Taste Tester
I’ve got a friend who is coming upon year three pay, and he is within days of closing on a personal home. At the last moment, the underwriter wants more proof of income. I’m guessing they’re likely nervous after seeing his year one/two pay. He has already sent them his pay statements and the pay tables, but the lenders want more proof of future income. Something with the amount, company info, and his personal info on it. Does anyone have solutions that have worked previously?
Thanks.
Thanks.
03-21-2025 | 04:35 AM
#5
Thread Starter
On Reserve
Joined: Aug 2021
Posts: 70
Likes: 12
03-21-2025 | 04:48 AM
#6
Line Holder
Joined: Feb 2024
Posts: 314
Likes: 30
I’ve got a friend who is coming upon year three pay, and he is within days of closing on a personal home. At the last moment, the underwriter wants more proof of income. I’m guessing they’re likely nervous after seeing his year one/two pay. He has already sent them his pay statements and the pay tables, but the lenders want more proof of future income. Something with the amount, company info, and his personal info on it. Does anyone have solutions that have worked previously?
Thanks.
Thanks.
03-21-2025 | 04:51 AM
#7
Thread Starter
On Reserve
Joined: Aug 2021
Posts: 70
Likes: 12
Thanks. If it falls through, I’d imagine that’d be the next step, using an airline friendly lender/broker.
03-21-2025 | 05:21 AM
#8
Leaves Biscoff crumbs
Joined: Jan 2020
Posts: 3,265
Likes: 941
From: Blue Juice Taste Tester
I know others have recommended citing the PWA, which I would absolutely try but just an anecdote from my experience:
I went through PenFed and the people that did my mortgage didn't wanna see the PWA. I even sent them a PDF of our pay tables but they said no too, even though it would've answered all their questions. I had jumped from year 1 to year 2 right as the new contract hit and they were "suspicious' about my drastic pay raise. Only thing that worked was providing more pay stubs.
I went through PenFed and the people that did my mortgage didn't wanna see the PWA. I even sent them a PDF of our pay tables but they said no too, even though it would've answered all their questions. I had jumped from year 1 to year 2 right as the new contract hit and they were "suspicious' about my drastic pay raise. Only thing that worked was providing more pay stubs.
03-21-2025 | 06:19 AM
#9
Line Holder
Joined: Jan 2024
Posts: 860
Likes: 137
If you're deailing with people who won't see reason,
it's often low paid flunkies who follow a cookbook. You gotta
somehow get to the next level. Having a lawyer make contact will often help that.
Pay some dude $200 to write a "I represent FO Dooright and wish to direct your attention to document XYZ"
The flunky will see lawyer and punt to someone with more brains and power
it's often low paid flunkies who follow a cookbook. You gotta
somehow get to the next level. Having a lawyer make contact will often help that.
Pay some dude $200 to write a "I represent FO Dooright and wish to direct your attention to document XYZ"
The flunky will see lawyer and punt to someone with more brains and power
03-21-2025 | 06:26 AM
#10
Banned
Joined: Apr 2022
Posts: 317
Likes: 1
If you're deailing with people who won't see reason,
it's often low paid flunkies who follow a cookbook. You gotta
somehow get to the next level. Having a lawyer make contact will often help that.
Pay some dude $200 to write a "I represent FO Dooright and wish to direct your attention to document XYZ"
The flunky will see lawyer and punt to someone with more brains and power
it's often low paid flunkies who follow a cookbook. You gotta
somehow get to the next level. Having a lawyer make contact will often help that.
Pay some dude $200 to write a "I represent FO Dooright and wish to direct your attention to document XYZ"
The flunky will see lawyer and punt to someone with more brains and power
Thread
Thread Starter
Forum
Replies
Last Post
