Yeah, I hear you—it does feel like they’re just waiting to pounce on the tiniest thing sometimes. My own lender flagged a Venmo payment from my roommate for utilities and wanted a whole paper trail. It’s wild. But honestly, I’d rather deal with the hassle up front than get stuck with a mortgage I can’t handle. Dallas prices are nuts right now, and lenders are just covering their butts. Still, I wish there was a way to make it less stressful... like, can’t they tell the difference between a gift and something sketchy?
Yeah, the scrutiny can feel over the top sometimes, but with all the fraud out there, lenders really don’t want to take chances. I’ve seen folks get tripped up by random cash app transfers that looked totally innocent. Out of curiosity, have you run into any weird requests for documentation that just made you shake your head?
Honestly, I get why folks feel the process is a bit much, but I’d argue the extra documentation is there for a reason. It’s not just about fraud—sometimes it’s about making sure someone isn’t getting in over their head financially. I’ve had underwriters ask for letters explaining $50 Venmo transfers from a roommate, which seems silly, but I’ve also seen people try to sneak in “gifts” from sellers that could mess up the whole deal. The system isn’t perfect, but it’s better than cleaning up a foreclosure mess down the road.
You’re not wrong about the documentation—it can feel like overkill, but I get why it’s there. I’ve seen deals fall apart because someone tried to cut corners, and it’s a headache for everyone involved. Still, sometimes the level of scrutiny borders on absurd. I once had to explain a $30 refund from a hardware store. It’s a balancing act, but I’d rather deal with paperwork than a bad investment down the line.
Still, sometimes the level of scrutiny borders on absurd. I once had to explain a $30 refund from a hardware store.
That’s hilarious—I had to send in a screenshot for a $12 pizza charge because my bank thought it was “unusual activity.” Like, sorry for treating myself on a Friday? The paperwork is wild, but you’re right, I’d rather jump through hoops now than deal with drama later. At least we’ll have some good stories for the next BBQ...
