- Totally agree about keeping accounts clean—learned that the hard way too.
- Curious if anyone’s had luck with lenders accepting digital payment platforms (like Stripe or Square) as legit proof of income?
- I’ve heard some banks get weird about “non-traditional” deposits, even if you can show invoices.
- Anyone ever have to explain a big one-off deposit? Did it cause issues, or did the lender just shrug it off?
- Sometimes feels like they’re making up the rules as they go...
Banks definitely get cautious with Stripe or Square deposits—some lenders are cool if you can show a clear paper trail (invoices, matching deposits, contracts), but others get stuck on the “traditional” paycheck thing. I’ve had to write letters explaining lump sums before. Sometimes they’ll just want extra documentation, other times they’ll nitpick. It really depends on the underwriter’s mood that day... frustrating, but keeping everything organized helps a ton.
Yeah, I’ve run into that too. My bank wanted three months of statements plus every invoice tied to deposits—felt like a full-time job just to prove I wasn’t making stuff up. Does anyone actually get through this without a headache?
Honestly, I hear you. Every time I’ve tried to get a mortgage, it’s like they want a full biography—bank statements, invoices, contracts, sometimes even explanations for random deposits. I get why they’re cautious, but it’s a lot. I’ve started keeping a spreadsheet just to track what’s what, but even then, there’s always something they want clarified.
I’ve heard some lenders are doing “no-doc” or “low-doc” loans now, but I’m not sure how legit or safe those are. Has anyone actually gone that route and felt comfortable with the terms? I’m always worried there’s a catch buried in the fine print somewhere... especially with how much risk is floating around in property these days.
I’ve actually looked into those “low-doc” loans, and I get the appeal, but the interest rates were noticeably higher in my case.
That’s exactly what made me back out. The terms felt a bit too vague, and I’d rather deal with paperwork than risk a surprise down the line. It’s a hassle, but at least you know what you’re signing up for.I’m always worried there’s a catch buried in the fine print somewhere...
