As an example: the lender asks for a payoff letter for a credit card or some other debt so that it can be paid off at closing.

People are turning to their credit cards to buy food.

(If you see similar wording/phrasing, it may have come from you, to which I give full credit!)

sales commish  loan fees on new loans etc etc.. seems knee jerk to me.. but hey I am not finding those issues with Vegas LOW property taxs some of hte lowest in the country and unlike FLA and TX very low insurance because limited to know real issues with bad @$$ storms like those other states. 

All clear on deposits that they were credited in the loan. 

You can qualify for another Fannie Mae loan with 5% down, as long as you meet lender criteria, including debt-to-income ratio and credit score.

No Fed speakers this week since we’re in the quiet period before their meeting.We saw wholesale inventories tick up by 0.2% in July and consumer credit jumped more than expected.

Between cash, and credit availability I can get $15k to fund something without impacting my household income.

In 2020 the house was 75% done and I had to re appraise the house and get a new loan to pay off all my credit cards, personal loans, etc.

This is also why you had strategic foreclosures during the GFC out west.. folks upside down they know they can just walk with only credit dinged.. so they live for free as long as they can then move on ..