The irony!
Had you been considering quitting when you sent in the paperwork? Was this a conscious choice on your part, that you had forgotten, or something on their end that they do to prevent jams like this?
Thanks for confirming their practice, too.
He told me it's standard practice to stop underwriting when they have enough to support the loan. Any extra underwriting beyond that has no value. It was our luck they started with wife's income first, and they didn't need to proceed further.
Lol, totally forgot about that! We've had it happen, too. Well, not the job loss part, but them not even looking at out investment balances or accounts at different banks/whatever.
I am so glad that it worked out so well for you,
@solon! I've also enjoyed all the discussion on both sides.
In the olden days, I was on straight commission, which lenders never seemed to like. I used so-called "Liar's Loans" because they were so much easier. As long as you have the means and intent to repay the loan, you should get the loan, right? Too bad it's not so easy these days.
