I've been reading lots on these boards and thought I was a few months out from applying for a mortgage and was going to get my bank statements in pristine shape before applying but I went looking at new houses this weekend and an aggressive realtor talked me into going ahead and applying for a loan. Now I'm freaking out about my bank statements they are going to look at. I have a side business and have lots of deposits from PayPal but that isn't really the problem since I can back them up but I was also putting about 1K through Amazon Payments to get rewards on a lousy 2% credit card which does look very odd. I can't believe I was even messing with it but got caught up in reading all the miles/points blogs and thought I'd try it. I was sending my daughter two payments each month through Amazon Payments on the credit card and then she was transfering the $ back to my bank account and I would pay off the credit card. This isn't illegal and the CC companies know people do it on a much larger scale since it is all over the internet but I'm wondering what I should tell the mortgage guy. Should I just admit what I was doing or should I say my daughter was paying me back $ which could be the case since she is a college student and I bought her a used car in the last year but if they then want to see her bank statements they will see the Amazon Payments deposits. I'm really freaking! I wonder if I should call the whole thing off and wait a few months and try again.
Any mortgage guys that could tell me how to clean up this mess I made???
Thx
