"Feels like there's a fine line between oversharing and accidentally leaving something important out."
Honestly, lenders can be picky, but they're not usually hunting down every tiny detail. I had a client once who stressed over an old gym membership debt—turned out it didn't even pop up. Still, better safe than sorry. If it's bugging you, just mention it briefly. Better to deal with minor annoyances upfront than scramble later when something random surfaces...
Mortgage rules tightening always seems to trigger this anxiety about what's relevant and what's not. Honestly, lenders aren't detectives—they're just cautious. Had a client once who panicked over a forgotten store card from years ago; it never even surfaced. But you're right, better to mention something minor upfront than have it bite you later. Trust your gut—if it's nagging at you, it's probably worth the quick mention for peace of mind.
Had a similar situation recently—client was stressing about an old overdraft they'd forgotten to mention. It never actually came up, but honestly, why risk it? Lenders might not be detectives, but they do have their ways of spotting inconsistencies. Isn't it better to just get ahead of it rather than worry it'll pop up later? I've seen minor oversights cause unnecessary delays... better safe than sorry, right?
I get where you're coming from, but how far back do you think lenders realistically look when checking into these things? I refinanced recently and had a similar thought—had an old credit card from years ago I'd completely forgotten about. It wasn't anything major, just a small balance that got cleared up ages ago, but it made me wonder if something like that could still bite me later on.
Do you think lenders are mostly concerned with recent financial activity, or do they really dig deep into older stuff too? I mean, obviously big red flags from way back would matter...but minor things? Like your client's overdraft—would something like that even register as an issue if it's from years back and long settled?
When we refinanced, our broker was pretty chill about minor stuff. He basically said as long as you're upfront about recent debts and your current situation is solid, older minor issues usually don't cause trouble. But then again, rules seem to keep changing and tightening up lately. Maybe they're getting stricter now?
Has anyone actually had a lender bring up something unexpected from way back during refinancing or applying for a mortgage recently? Curious how common this really is...
"He basically said as long as you're upfront about recent debts and your current situation is solid, older minor issues usually don't cause trouble."
Yeah, that's pretty much what I've heard too. When we applied last year, they didn't even blink at an old overdraft from college days...guess they're more focused on recent habits than ancient history. Still, who knows with these new rules lately?
