@Anonymous wrote:
Hi everyone. My loan recently went to underwriting and it was approved with some conditions. One condition that my loan officer failed to discuss with me, was about maintaining the same amount of working hours as before. I recently took a day and some hours off work for some doctors appointments. With that being said, 2 of my pay checks were short 2 to 3 hours. Now I'm waiting for clear to close. Do you think they can deny us for that? Please let us know what you think.
It is critical that your income remain consistent during the mortgage process. One of the items that is updated right up to the end is your paystubs and bank statements. However, having said that, the only time a shortage of 2 or 3 hours on your paycheck would hurt you is if you are right at the maximum for your debt ratios. When you spoke to your LO did he mention you were at or near the maximum? Otherwise the u/w may just ask why your current paychecks are lower than they were in the past. Some fluctuation is normal. Naturally the u/w likes to see a steady income.
