Freddie is a little easier on Asset Verification. Freddie will just ask for your most recent 30 days’ bank statements.
Freddie is more aggressive on additional income calculation. Freddie DOES NOT require a 2-year average and a YTD calculation for income such as: bonus, overtime, tips, etc. Merely most recent year and YTD.
If you have additional questions about Conventional loans just give me a call or shoot me an email.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
Get Pre Approved For A Loan Here.
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……
