Underwriters are requesting more information
on our mortgage application. Is this a bad thing? We are presently in the underwriting process of getting our loan approved. We are purchasing a house for 172,000 and were pre-approved for 175,000. We together make 80,000 and both have good credit. My husband also has three rental properties on the side that brings in extra income but one has been vacant for 2 mos. (The others are rented and we are able to pay the mortgage of the the vacant one with the other rents) The underwriter just requested more tax info on these properties after going through our loan application file twice. We have sent him the documents explaining what he was asking. Is this often a bad thing when they request more documents?
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