What Your Loan Officer Checks On Your Bank Statements

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Title	:	What Your Loan Officer Checks On Your Bank Statements
Lasting	:	5.55
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Views	:	65 rb

do you have to provide a CPA letter?
Comment from : @jesusgodjr9873

Are all states only going back 2 months?
Comment from : @rapar1829

Do banks look at how much debt you owe in total? If you have to much credit card debt do they worry since credit cards can become liens on your property
Comment from : @janedoe6071

I'm assuming it's the same if you want to get a HELOC loan?
Comment from : @janedoe6071

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Comment from : @HanQuynhQuynh

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Comment from : @SandroZetticci

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Comment from : @GaraVelai

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Comment from : @ChelsyGerritzen

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Comment from : @TosciDavide

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Comment from : @user-Tiffany630

I ambrWorried because I have my own job which I get paid bi weekly but I also buy and resell stuff on whatnot and I have a lot of incoming large deposit from there like $600 every 2 weeks will this affect me ?
Comment from : @Toxicooak

How’s it going? What should I do if I need to deposit a large amount of money into my bank for using it towards closing cost and whatever is needed
Comment from : @boldandbrightjewelry

Does the mortgage lender ever verify bank statements directly with the bank or do they just ask me to provide the bank statements I want to apply for a bank statement mortgage loan
Comment from : @TATIBABYYY07

What do they looking for on my bank statement when am applying for car finance ia it the same thing as well
Comment from : @ethancroxley7460

Is it a red flag if you deposit 2-3k cash every week? brIf is it than what is the best way to deposit cash?
Comment from : @nazarjonalamov6608

Why would he ask for a picture of the front n back of your debit card??
Comment from : @javierguizar8553

If you do susu which is contribute you saving $500 every 2 weeks and the payment is showing in your account the people that paid you, how do you explain this to your underwritter
Comment from : @Ihekwaba

What do you mean my mattress money needs to be seasoned??? Pls help
Comment from : @tristonsmith6309

exactly why the industry will crash
Comment from : @DexScreenHer

Hadn't gotten my bank statements and I really needed to purchase a new apartment but some recommendations on YouTube talked about veliscyberclinc and he's really good at making them for real y’all
Comment from : @dickensmegan9135

SUBBED Also, my situation is a bit complicated I used a credit card for all transactions for the past 2 months prior to the closing date I recently paid off the credit card back down to the balance it was when they first pulled my credit report, BUT now it shows 2 large transactions of when I paid it down within the last 30 days Will this be a red flag? If so, will it get my loan denied?
Comment from : @AttackRaidan

I use my credit cards daily in place of my debit card for the rewards I pay the bill in full each month Would a larger amount paid each month in this scenario hurt me? Would I be wise to stop using them a couple months before I look to get approved?
Comment from : @bullitt0910

Why are they asking for square
Comment from : @kimw309

My question is I do have lot of money in my savings but I don't keep that much money in my checking so I do overdraft quite a bit But I do have overdraft protection coming out of my savings account
Comment from : @yimihong

To everyone: If your realtor tells you joist, support, or repairs to crawl space under the house is covered by a home warranty RUN far, far away from that realtor!! They are lying!! a home warranty does NOT cover structure support!! brI don't know if I can sue my realtor, but I'm sure as hell gonna try! Shop around, just because you THINK you have a good repoirt with your realtor does NOT mean they are being honest and have your interest at heart, they are all about that 💵💸💰💱💲 commission! Once they get that commission, they will ignore you unless there's more 💲💲 for them to make, they have no conscience, and if it's your first home purchase, RECORD EVERY CONVERSATION with them in person or on the phone If they have issues being recorded, they are hiding something!!
Comment from : @rebeccalucas6063

This is good information Thanks for sharing!! 💚
Comment from : @nikki30md

They gave me a loan for a house I cudnt afford now I’m struggle n to pay for the house
Comment from : @Buggu3

Great information Thank you
Comment from : @lalashawn9999

how do loan officers look at ei income for people that have seasonal jobs?
Comment from : @chriswhynder8311

Great video New subscriber boss Keep it up!💪🏾💯
Comment from : @MrMikeCeez

This is so ancient way doing things What about crypto deposits that you can’t track? That just means I’m a bad guy? Crypto and defi is going to revolutionize the banking system
Comment from : @IndustMachWerksofTX

I have a large sum in my fidelity individual brokerage account Can I move that entire sum to my bank account without causing an issue? Or should I take it out $1,000 at a time once a week?
Comment from : @shipped_my_pants_3000

Also you should not Zelle or Cash app 3 month prior to being qualified, that’s what I was told
Comment from : @cindygomez5414

Examining Peoples Bank accounts at that level is very Invasive Why is Mattress money deposited frowned upon? It’s your money you saved for Look for a different Bank for the Loan
Comment from : @S1N2D3S

What happens if your account hits a zero balance? I’m afraid of bank runs so I overdid it on keeping little in my account The account hit negative a few times in the past month I added more money the same day but still What happens if that happens?
Comment from : @Evettecord

this guy is full of crap
Comment from : @michaelktm6061

Do you guys have any accountability for bad loans? Like if someone approved a few loans that default quickly, are you under any pressure to write good loans to prevent this?
Comment from : @delbomb3131

Is it a red flag if bank statements show checks deposited from a credit card? Like the 0 interest transfer checks
Comment from : @yourfavoritecio

I was in the process of refinancing my loan when I was asked to pay off my solar loan, $20k I agreed, and the loan officer asked me was, “breaking bad money”, I had no idea what that is at the time, and keep in mind I’m African American I lit into him for his insinuation Needless to say, I went with another company for my refi
Comment from : @dthomason119

I throw about 95 of my paycheck into savings and I keep my bank account close to empty Will this look bad to my loan officer? Or should I keep the money in my debit account? brIt stops me from spending!
Comment from : @tammyzembol5146

Hello, my fiance and I have started the process of purchasing our home We have good credit but she gave us a 46 interest rate We didn't like that percentage because it seems too high Does having a cosigner help lower the interest? If so typically, how much can it drop? Thank you very much for your helpful video
Comment from : @maritza1andrade

I have a question I'm under contract to close 3/8 and have submitted all supporting documents but my last statement I had 2 overdraft do you think this could cancel my loan?
Comment from : @gabriellewooding3898

So be very good for 2-3 months, lol
Comment from : @Migmuffin1

Loan officers look at bank statements…😂😂😂😂
Comment from : @kinger21

So they just want to see money come in? Because I use my credit card for almost all of my spending
Comment from : @jayem5807

Hello, very helpful video What if I told you though that I have over one-half a million dollars in the bank, around a 780 credit score but can't get approved for a mortgage of around $250,000 to $300,000 If you're interested in knowing why please send me your contact info
Comment from : @sheldongertel6341

Very grateful for your sharing 💕💕
Comment from : @XyThree

Great info glad I listened thx
Comment from : @lawrencewiley3104

When I submitted my paperwork, they asked for my bank statement for proof of funds I said OK, but to please not judge :)
Comment from : @sewmeonekenobi639

Wow just skipping over the whole processing piece I’ve never heard of a loan officer submitting their own file to underwriting, but as per usual This LO is taking all the glory for a fraction of the work
Comment from : @minigolfandothergames7096

How long should money be seasoned in your account
Comment from : @jeremyjohnson4280

If my bank only issues consolidated statements that include my Credit Card with them, is their any issue with blacking out my CC purchases on the statement, before sending in
Comment from : @ZMan492jj2j2

Good thing my 22 Taco Bell visits this month are on my Credit card statement 💅
Comment from : @AmperageY

Is childcare cost part of that debt? So they’re not looking at how much money you have to make sure you can cover the costs??
Comment from : @Overly_nourished_entity

This was very helpful Thank you for making this video!
Comment from : @PatrickDinehart

Yes, we look for those things and a few other little things, but those are the usual suspects Also, how many statements and what we look for vary from one mortgage product to another
Comment from : @CT-mw7yu

I'm tired of my personal information being sold to advertisers, but of course, a loan officer would never do that 🙄
Comment from : @T1Oracle

Invasion of privacy in my mind They should just be able to look at your paystub and credit report Loan officer is just another job title that needs to be eliminated People wonder why everyone gets screwed over when they buy a house Its because of all this unnecessary overhead from an industry that keeps bullshit jobs to validate College degrees What a waist You buy a house for say $240,000 and over the course of a 30 year loan end up paying double that My best friend from high school ended up becoming a loan officer and tells me how laid back it is all the time He makes around 110k a year not including commision To check bank statements? Stop it Time to eliminate the unnecessary bullshit that goes with buying a house so people can afford houses without struggling to enjoy life a little while were here All these white collor workers fuck the working man and go play golf on our dime from the money they screw us over with these bs loans while we need to work until were 62 to pay for their lavish lifestyle
Comment from : @cocoloco4twinny

Can u get a loan on Social Security at 67 with some savings in bank?
Comment from : @pinkypromise111

I have a lot of gold due to inflation I plan to sell this gold in the coming 2 years to get a down payment on my home How will this affect my standing with the loan officer?
Comment from : @sheepman6291

How about buying a home before a divorce can I do that?
Comment from : @xeniaberry7322

How many months back should I submit my bank statements? Why would an income statement be needed?
Comment from : @natashabutler356

Have not had an overdraft in over 4 yrs 👍
Comment from : @mamba00

My money going out is always equals my bill payments (autopay I believe in) keeps me within budget
Comment from : @mamba00

Is it a 5 year period that is used when looking at your banking history?
Comment from : @mamba00

When you said “money going out”, does sending monthly allotment to family abroad count as a red flag? Please answer Thanks
Comment from : @sapphire6107

I'm embarrassed that the loan officer is going to see that my bank almost always had like 20 dollars in it Payroll payments go into my bank but they go out quick
Comment from : @edgararcega3046