Conner Bobay

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Is it me, or is Conner putting out desperate vibes for money this week? Did something happen with his house he was building? Also, I’m sure the “daddies” went full in on sending him money. So sad!
when is he not desperate for money?
 
You don’t need money to have credit
Hi, I'm a licensed mortgage loan officer so I can confirm you absolutely need money in order to have credit. The amount of credit you are approved for is based off the amount of money you make. The lender/underwriter will verify debt to income ratios at the time of application, and will continue to monitor throughout the loan process. I can only assume he is using a construction type loan for this, and that would mean the underwriter is going to be checking his debt to income again before the construction loan gets transferred into a traditional mortgage loan. If he has any sort of reduction in income, then he will have to explain that to the lender and have his entire application re-evaluated.
 
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