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Personal Finances / Buying or Selling a Home

URL:  https://boards.fool.com/and-my-guess-is-once-the-loan-is-set-up-and-34270010.aspx

Subject:  Re: Mortgage Date:  8/9/2019  9:49 PM
Author:  Rayvt Number:  129249 of 129288

And my guess is once the loan is set up and running, if that monthly RMD W/D isn't to your liking you could change your RMD withdraw back to your preference*. I don't think that would be considered mortgage fraud PROVIDED you serviced/paid the loan according to its provisions.

Of course it's not mortgage fraud. Fraud is when you tell a lie.

In fact, the loan officer explicitly said to me that you can do anything you want after the loan closes. She pointed out that somebody could lose their job and their paycheck after the loan closes, too. There is no guarantee or promise that you income will never change after closing, they just want to see the income stream in order to QUALIFY.
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