I’m 1099 with an LLC taxed as an S-Corp. I want to say first that I’ve been gently warned by loan officers in the past that theirs and other firms and underwriters can be strenuous with my setup. I was highly referred to this lender and they handled everything with absolute ease. I was in and out of underwriting in 6 days with no questions.
$6,415 of the cash to close is me paying off an Amex card at closing to balance my debt to income.
I know there is some buy down but the difference is about $2,200 less at closing at $80 more a month on loan (roughly). Break even is around 2 years and I don’t see myself refinancing before then anyways.
How is it looking even though I’ve pretty much ran out of time to really shop anymore?
u/Cheves08 — 12 days ago