Haha, classic. Had a similar headache once with PayPal—client labeled a payment "totally legit side hustle 😉." Underwriters practically had a meltdown thinking it was some shady gig. Moral of the story: keep your payment memos boring as heck, folks. Trust me, no underwriter wants to decode your inside jokes or fantasy league banter when they're knee-deep in paperwork...
"Moral of the story: keep your payment memos boring as heck, folks."
Haha, I get where you're coming from, but honestly, isn't it a bit ridiculous how uptight underwriters can be? I mean, sure, clarity helps, but you'd think they'd have a sense of humor or at least some common sense to spot obvious jokes. Had a similar thing happen with a buddy labeling a Venmo payment "pizza and world domination"... you'd think they'd realize we're not actually plotting global takeover over pepperoni slices. Maybe the issue isn't our memos, but their overly cautious mindset?
Haha, reminds me of when I was closing on my first place. My brother jokingly labeled a transfer "bribe money"—thought it was hilarious until the underwriter flagged it. Took days to clear up... lesson learned the hard way.
Haha, that's rough. Reminds me of when we were buying our second place and my wife sent me money labeled "for your gambling debts" as a joke—figured it was funny at the time. Well, the underwriter didn't agree. They asked for a written explanation and proof that I wasn't actually gambling away our down payment. Took almost a week to sort out, and I had to awkwardly explain to them that it was just her sense of humor... lesson definitely learned.
Honestly, after that experience, I've stuck with boring labels like "mortgage funds" or "house payment." It's tempting to be clever or funny, but when it comes to mortgages, practical beats witty every single time.
Haha, your story made me cringe remembering mine... when we refinanced, my husband thought it'd be hilarious to label the transfer "drug money." 🙄 Cue frantic calls from the bank and a very awkward conversation with our broker. Took days to convince them we weren't running some shady operation. Seriously, mortgages are stressful enough without adding jokes to the mix. From then on, it's strictly boring labels for us too—I learned the hard way that banks and humor just don't mix.
