Totally agree about chatting with other borrowers—saved me some grief too. Another thing I'd suggest is getting your docs organized early. I made a simple checklist: recent mortgage statements, rental income proof, insurance docs, and property tax bills. Having everything ready upfront made the underwriting process way smoother. Lenders appreciate it, and honestly, it kept me from losing my mind chasing paperwork later on...
"Having everything ready upfront made the underwriting process way smoother."
Yeah, getting organized early definitely helps, but I'm curious—did your lender ask for anything unexpected later on? I've had my docs neatly lined up before, thinking I was golden, and then suddenly they hit me with some random request out of nowhere. Felt like playing whack-a-mole sometimes... Wondering if that's common or just my luck.
Haha, you're definitely not alone—underwriters love their curveballs. I've seen clients get asked for everything from explanations about a random $200 deposit three months ago to proof of property insurance on a home they hadn't even closed on yet. Best advice: expect the unexpected, keep a sense of humor, and just roll with it. Eventually, you'll get there... even if it feels like they're making up requirements as they go along.
Glad I'm not the only one feeling this way. Honestly, I was pretty surprised when they asked me to explain a Venmo payment from months ago—like, how detailed do they really need to get? I get they're trying to be thorough, but sometimes it feels like they're just fishing for random stuff. One thing I've learned is to keep all my financial docs organized and ready to go, because you never know what they'll ask for next. Also, asking questions back helps—sometimes when I push back a little or ask for clarification, they realize they're being overly picky and ease up a bit. It's definitely a learning curve...but at least we're all in it together.
Yeah, lenders can get pretty nitpicky sometimes, especially with DSCR loans since they're focused on cash flow. One thing I've found helpful is to proactively provide explanations upfront for any unusual transactions or payments—like Venmo stuff—before they even ask. Just a quick note or memo attached to your docs can save you from the back-and-forth later. It feels tedious at first, but it usually smooths things out and keeps the underwriters happy...mostly.
