I think you are being too modest, Miss Farmerjan! You'd probably have a good customer base, should you decide to do something like that!P.S. I'd probably have to PAY someone instead of them paying me for being a call girl.... too old, too grey/white, too many calluses on my hands.... plus a farmers tan isn't all that attractive to most except farmers....
I do get it, except that with 20% down on this house, there is nothing that they would even stand to question if "GOD FORBID" I defaulted. And I am just plain tired of all this as it is nearly a month later than they were saying we could close 30 days after the sales contract was signed.... so the closing could have been as soon as the 17th of July.... we figured the week of the 20th..... and here it is going to be the 13th of August..... tell me what all you need up front, and then that be it. Not this constant well we need this and that and then the next week we need something else. They had that bank statement for a month when they just decided this week they needed clarification.... that money was put in there 3 weeks before the deposit from the retirement account.... that bank statement was in their hands before they then needed proof that the money was deposited from the retirement fund on July 15th..... so they got a "running statement" showing that deposit.... the other one was there all the time.....I'm with Bruce. They want to know the funds in that account are not $$ acquired recently, as in loans. YES, the banking laws are such that they try to not have mortgages place with fraudulent funds, acquisitions, etc. IF it had been a loan, then your debt/income ratio would have changed and so would your loan qualification, possibly. It's pretty standard.
Years ago I gave my DD & SIL 3K for a down on a house. I had to sign a statement that it was a gift and NOT a loan requiring repayment, because it was put into her account about 30 days prior to close and they made them produce the same 90 days back, pay stubs and all that you are now having to do. Remember years back all those "questionable loans"? Well, regs changed and they truly ask for things which seem unfair, unnecessary and intrusive. It will be over soon.......then, no questions or concerns, just payments No more than rent payments.
There are always weird little things. Do you know any real estate agents? I suspect if you told them all this stuff they would just shake their head "Yep", "Yep", "Seen that too", "Be glad they didn't .....". You'll be done soon.Not this constant well we need this and that and then the next week we need something else.