Problem with mortgage broker?
I am having difficulties closing a loan with a mortgage broker at quicken loans. A week before our loan was due to close, they stated our car payment cannot be paid out of our businesss account (we have a corporation) because we had one late payment. When the car payment was added as a personal expense, this threw off our personal debt to income ratio. So I called the car company and had it removed due to a legitimate website error. So there is no reason why the payment cannot be applied as a business expense. Now quicken loans is telling me that I still need more income despite a higher credit score, and they want my taxes for 2009 as a requirement for the loan to close. Our taxes are not even prepared yet and the clock is ticking. Can they make this type of request? I would love to switch brokers but now the rates are higher and they have our 500.00 deposit.
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