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Loan Modification

: The Truth About Mortgage.com

Teacher Denied Mortgage Over Purchase of School Supplies?

By scot184

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An article over at the Huffington Post claims a teacher was denied a refinance loan because the money they used to pay for school supplies was deducted from their income. As a result, the teacher’s debt-to-income ratio exceeded the mortgage lender’s underwriting guidelines, leading to the loan being declined. The article’s author, Mary Tootikian, who also wrote [...]

Full post as published by The Truth About Mortgage.com on October 22, 2010 (boomark / email).

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