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In my experience, the level of underwriting is a function of how levered the purchase is. The LTV and your Debt to Income are both major factors in how thoroug
by anonAndOn 5y ago
In my experience, the level of underwriting is a function of how levered the purchase is. The LTV and your Debt to Income are both major factors in how thoroughly the underwriter is going to review your mortgage and how much they will require to prevent a loss.
- sokoloff 5y agoThat makes sense. Both times I was near the 25% front-end ratio that I considered to be a sensible limit, but was putting 20% down on a conventional conforming loan the first time and a conventional jumbo the second time.