offer accepted, 2 lenders gave me 2 different pre-approval resul

Wellsfargo guy said my DTI over 54%, so he won't do it; and BOA lady said she got 40%-43% for DTI via their automated underwriting system, she said it need to let underwrite do the detail work but she is confident, but I am uncertain now, we are in the day 2 of 5 days contigency period.. should I do it or quit? have a risk of losing $1500 if I failed underwrite.... any advise. THX!

 

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• Why don't u calculate yourself to determine which one is correct -Mickey222- ♀ (0 bytes) () 01/25/2011 postreply 15:03:04

• I did, I have around 40%, but with the rental of the new purchas -寻求大家帮助- ♀ (70 bytes) () 01/25/2011 postreply 15:07:19

• Yes, more a fence/Freddie rule as I heard -mickey222- ♀ (0 bytes) () 01/25/2011 postreply 15:24:52

• wells forgo needs two-year track record of rental income -planotx- ♂ (195 bytes) () 01/25/2011 postreply 18:24:46

• thanks, I think BOA has the sam rule as Wells fargo.... -寻求大家帮助- ♀ (0 bytes) () 01/25/2011 postreply 22:08:20

• quit, I do not like uncertainty -hmo- ♂ (0 bytes) () 01/25/2011 postreply 19:50:58

• 多谢！can I ask seller change the contigency day from 5 to 17? -寻求大家帮助- ♀ (250 bytes) () 01/25/2011 postreply 21:05:12