Robert H. Ashburner, Jr. â€“ Loan Officer
2809 South Lynnhaven Road, Suite 200
Virginia Beach, Virginia 23452
(757) 390-2235 Direct Line
(757) 652-5851 Mobile
(757) 390-2335 Direct Fax
I've had VA buyers get debt paid off at the closing table as part of negotiations with the seller - if that becomes an issue.
Be upfront as possible with your lender and let them know everything in detail that is going on with you. It will come up eventually and better now than the day before closing. If your lender knows everything and has been doing this for a long time, hand the worry over to him.
Underwriting is a pain for everyone. I joke around with my buyers that the lender may ask them for a DNA sample the day before closing to prove who they are. Good luck
"How long are you in UW. It does not sound good did yoy asked for a letter from your creditors that show paid in full as agree to be sent to the credit bureau and have them to re-score your files. I do belive your LO dont know as much as he should."
Pot, meet kettle.