Mortgage lenders will now check your spending habits to determine if you get a loan

As if they don't do this already?

What you think they want your most recent bank statements for then?

illathruz said

As if they don't do this already?

What you think they want your most recent bank statements for then?

That’s first thing I thought any one who bought a house know this,

Don’t get a bank loan for a house, car any type if you bank with that bank they can see everything not just last two months statement

T Town84 said

Yea.... I'm pretty sure they did this already. I had to show about 2-3yrs worth of bank statements when I bought my home..

Folks wanna see how you manage money before They give you the bread ect. I can't really blame them..

YEARS my dude?

I think I provided 2/3 months worth.

All of this to have your own place smfh

We never left this part of feudalism behind

creep a*s bi*ches make me sick

Give me my damn money

They already do that. They run credit checks, they look at the balances on your credit cards, they constantly ask for bank statements, etc.

Mista Mizatti said

YEARS my dude?

I think I provided 2/3 months worth.

That’s mainly if you’re a business owner or self-employed. Basically 2 years of tax returns at a minimum.

I’m not understanding:

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It’s all publicly available info, and stuff that impacts your finances. Are you lending someone hundreds of thousands without doing your due diligence?

Also how would they know what services to offer you? That’s why data is a big deal. Stop focusing on dumb sh*t and start pushing for things that matter:

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Cliffs:

First minute of the video from the start

They can check your personal event/ big life events to determine your borrowing power or if you get a loan at all.

Yea.... I'm pretty sure they did this already. I had to show about 2-3yrs worth of bank statements when I bought my home..

Folks wanna see how you manage money before They give you the bread ect. I can't really blame them..

Mista Mizatti said

YEARS my dude?

I think I provided 2/3 months worth.

Yea! Credit score 725 and all.. it was my first home so I figured it was the norm.. The timing was perfect tho.. If they went back any further I don't know if I could've pulled it off lol..