Do you all asset based lenders do this?
Do you all asset based lenders do this?
So I was referred to an asset based lender. They talked great game and said that I was a great fit. They explain their Lending and refinance program and so I find a property that fits it. They pull my credit were very happy. They asked for copies of my bank account and were very happy. They ask for a copy of my tax returns for verification that I’m not behind on paying my taxes. They say everything looks good. Then after you spend the money on your appraisal they start asking for more and more. I provided a copy of the lease quite a long time ago at the beginning of the process. Now today days from closing they find fault with the way my lease is worded because it has turned into a month-to-month lease after a number of years back. It appears that the person talking big game was simply a paper collector that had no real decision-making powers and the folks doing the underwriting Are looking for stuff to create a problem where no problem exist.