For Conventional loans there is really no way around this. You will have to remove them.
However, for FHA loans you don’t necessarily have to remove them.
This is true for manually underwritten FHA loans.
So, if you are getting an FHA loan, and your loan office wants to remove the disputes. Ask your loan officer to have the file manually underwritten.
On a manually underwritten loan the underwriter can underwrite the loan “around” the disputes. …Ignore them in other words.
Your lender may have their own “overlay” rules to remove the disputes even on manual loans. If so, you can change lenders to someone that wouldn’t do that.
…like me! Ha!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
Do you need cash out of your home, but you don’t want to refinance the…
I wanted to address the two most common questions that I get regarding reverse mortgages……
Do you need cash out of your home, but you don’t want to refinance the…
Would you like to get cash out of your home, but you don't want to…
If you need cash out of your house, but don't want to touch your first…
I wanted to address the two most common questions that I get regarding reverse mortgages……
