Pretty much. It’s not as big a fuss as the initial qualification. But you need to submit as much current information as you can that supports the ability to afford a higher amount. So pay stubs, statements and bills obviously, since you never stop submitting them until you close anyway.
You would need to ask your MC to resubmit you for qualification at a higher amount. Depending on your spending habits you may need to demonstrate payment shock again. Not necessarily though. But if you believe there was an error that is the first thing you need to ask your MC about. A $150 difference in PITI from your action plan doesn’t sound right. 15 maybe but not 150.
This reply was modified 2 years, 5 months ago by Nelsont.