Offer accepted / issue at hand

[Henry Peñate]

So we’ve just had our offer accepted on our 2nd property in this crazy market and after celebrating our little win our lender has brought to our attention that being that our down payment and closing costs will be funded from our savings which we without knowing transferred our income tax from our checking to savings . Now we have an issue because my wife and I pay for our mortgage through our checkings (our primary home which is only under my name and the home we are now purchasing will be under her name due to some credit issues on my end). Maybe an issue come closing that may force our loan to be rejected without proof of debt to income ratio on the rental. Contract has been sent , inspection is ready for tomorrow but still no info on how I send option money to seller. We contacted our realtor hoping to list our home for rent and have proof that our mortgage will be covered , instead she just suggested another lender by saying she’s had bad experience with our lender which was only one time , we don’t feel the need for that as our lender has helped us a lot and we are in option period . How can we assure ourselves everything won’t fall at closing and also we have asked our realtor for a renters contract a few times and we haven’t received one which is something we should be familiar with , so a template for a renters contract by our colleagues on here would be very helpful.

Thank you all in advance