Your experience definitely resonates with mine. When I refinanced a couple years back, I initially thought going the non-traditional route would simplify things since my income situation was a bit complicated at the time. But like you mentioned, it turned out to be a lot more involved than I anticipated. The lender kept coming back with requests for additional documentation and clarifications, even on things I thought were pretty straightforward.
In the end, it worked out fine, but it wasn't exactly the streamlined process I'd hoped for. I think you're spot-on about convenience not always balancing out higher rates—it's really situational. Sometimes the flexibility is worth paying extra for, but other times it just feels like you're trading one set of headaches for another. Glad to hear your client's situation eventually worked out, though... navigating these alternative lending options can definitely test your patience.
Yeah, I hear you on that. I looked into alternative lending briefly when I was house hunting last year, but the higher rates made me hesitate. Ended up going traditional just to save some cash, even though the paperwork was a pain. Curious though—did you feel like the extra flexibility actually made a big difference for your situation, or was it more hassle than it was worth?
