DISCLAIMER: No on can truly render an opinion on the subject matter unless all files are reviewed.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Best of luck to you!
You should include a good letter of explanation for those overdrafts with the underwriting package because the probability of the underwriter not noticing those are slim. When it comes to underwriting you have to be proactive. A good letter of explanation should state the following:
1. You are aware of the problem
2. Reason why it happened
3. You are sorry that it happened
4. Why It wonâ€™t happen again
Be brief, donâ€™t open the door to more questions and be sure it makes sense.
good luck with your loan