switching lenders 15 days before closing (ditching rocket mortgage)

OK so currently using rocket mortgage for a va fixed 4.99. After weeks of doing circles from rocket mortgage because I beleive, is due to their underwriter sucking at their job. They have continuasly gone back and fourth for multiple things. Such as: 1. I can’t use my wife’s income unless closing is within 60 days of her new start date (that’s fine) so they then say we can only use your individual income. (Fine no problem) they then say we need to lower debt to income to get the loan amount. (Makes sense no problem) so I pay off alot of debt. To include selling an extra car to get rid of a useless auto loan. (Off road jeep) the under writer then tells My loan officer that the now paid off loan… STILL counts to my debt to income ratio. He then proceeds to tell me that it’s a VA rule. I call a person at the VA and they verify: no the underwriter doesn’t know what he’s talking about. So basically rocket tells me I need to 1. Ask for a two week extension or 2. Maybe put alot more down to lower the loan.

So I then proceeded to tell my realtor the problem. She tells me that she has a few lenders locally where im buying. I talk to the broker and I explain to him the issue regarding the debt to income and how they won’t take off the loan amount even tho it’s completely paid off now.

My question… is it ethical for me to just switch lenders ??? I feel bad cause the loan officer I have been working with has been great and even he is talking shit about the “rule” they have regarding the sold vehicle.

Oh and the new lender told me I can get 4.55 instead.

submitted by /u/briantradman
[link] [comments]

OK so currently using rocket mortgage for a va fixed 4.99. After weeks of doing circles from rocket mortgage because I beleive, is due to their underwriter sucking at their job. They have continuasly gone back and fourth for multiple things. Such as: 1. I can’t use my wife’s income unless closing is within 60 days of her new start date (that’s fine) so they then say we can only use your individual income. (Fine no problem) they then say we need to lower debt to income to get the loan amount. (Makes sense no problem) so I pay off alot of debt. To include selling an extra car to get rid of a useless auto loan. (Off road jeep) the under writer then tells My loan officer that the now paid off loan… STILL counts to my debt to income ratio. He then proceeds to tell me that it’s a VA rule. I call a person at the VA and they verify: no the underwriter doesn’t know what he’s talking about. So basically rocket tells me I need to 1. Ask for a two week extension or 2. Maybe put alot more down to lower the loan. So I then proceeded to tell my realtor the problem. She tells me that she has a few lenders locally where im buying. I talk to the broker and I explain to him the issue regarding the debt to income and how they won’t take off the loan amount even tho it’s completely paid off now. My question… is it ethical for me to just switch lenders ??? I feel bad cause the loan officer I have been working with has been great and even he is talking shit about the “rule” they have regarding the sold vehicle. Oh and the new lender told me I can get 4.55 instead. submitted by /u/briantradman [link] [comments]

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