Good Morning!
Many people are unaware of this, but NSF charges on your bank statement can derail your loan.
It’s true! NSF charges are a potential deal killer for the underwriter.
If you have insufficient funds charges in your bank statement it signals to the underwriter that you are having a hard time managing your money.
The solution is to ask your lender (hopefully me!) to replace your statements with a verification of deposit.
Have a good day today! …and thanks for reading.
Brett
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