Started loan process May 10, came back from undwriting, with 3 conditions and said DTI ration were 55.7% (supposed to be 55%). So I lowered my homeowers insurance premium to bring ratios to 54.8%. I also have excellent credit, my scores are 740 and up and my house is worth $600,000, for which I want a loan to refinance only $330,000. I complied with conditons, changed insurance to bring ratios in line with requirements and BOA said, they would leave a balance on five of my accounts, (they were to be paid off with cash from loan)
so with added payments on accounts BOA
Brought my ratios back up to 56.7%, so I ddidn't qualify. All they did was waste mmy time and cause me headaches. I will never deal with them again. I've had 7
Mortgages over the years and never been turned down
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