All Forum Posts by: Mary Larson

@Theresa Harris The mortgage company didn't say anything before until now they saying my DTI is at 50% without considering selling this home. This is almost the last step - employment verification has been done. I thought I'll get it closed this week.

I signed the purchase contract before selling. The selling home has net income so that selling it increase my DTI ratio. So I shouldn't sell in order to purchase. But the buyer really want this home. Can I cancel since my purchase came first.

I am the seller. I ordered HOA documents but HOA delayed delivery. Also, I am buying a primary home which is in contract before this selling. Now selling this investment home is worsening my DTI - over 45%. Is this a legitimate reason to back out?