I agree with the poster, that wrote that it varies based upon the vendor....there are no laws or regs that say what financial 'risk' a vendor
'has to' take...if they are spooked by the 'possible'....oh well they can consider it.
Same thing, depending on where I worked some lenders required us to count DTI ratio 'AS IF' all available cards were maxed...even if the appliciant had zero balances
at the time of application...thought pattern being next month these could 'could be' the payments the applicant 'may' have to pay in ADDITION to out 'new' payment huh?
But conservative, close to the vest, watch 'our' bottom line, the financial 'health' of the institution types exist as a) entire departments and b) as individual UWers
Think 'bean counters' some are gonna be very tight as organizations other times it's luck of the draw per person....not trying to rain on the parade, just being honest of what goes on within certain banks/CUs....many times applicants did NOTHING wrong and would have been approved had their app ended up in his pile vs hers....just the way it is.
It pains me that so many ppl kill themselves 'guessing' at what was 'the problem' and had they done this vs that...when really it was their app landed with tight Teddy vs normal norman...nothing more.
All that to say be careful and know it's a crap shoot, as to if those 'possible' payments will be considered with regard to DTI...some places may ask for proof of the length of deferrement in order to not count a payment that 'might' be part of expenses within X amount of time etc
Best of Luck
(Formerly known as: Credit is my hobby (1.7M)/TCL objective)
