I have qualified with my current rent and payment shock. However, when I started looking at houses a few months ago, I realize that wasn’t going to be enough. In April, I increased my payment shock and did the same in May. My mortgage counselor said if I do the increased savings again in June we can resubmit. Does anyone know when in June we can resubmit? Would it have to be the end of June or could it be towards the beginning? I’ll be able to pay my rent and payment shock by June 1, so I would like to resubmit no later than June 3 or 4.
I didn’t realize I would need the additional until I really starting looking at home prices. Would a print out of the transaction history be sufficient? My statement doesn’t become available until the 21st of the month.