We are trying to refinance our home to consolidate and we have a high debt to income ratio. We can't find a bank willing to lend to get some relief from our outrageous mortgage payments. We've tried 3 different brokers and have come up with nothing. Our new broker is only "stating" income and needs the bank to call someone within my husbands company and give information that he is making more than we state and has a better job title. Most banks won't call a cell phone to verify, so I'm told, but the phones are in the company name and not any one person. The bank wouldn't know who they were speaking with, right? This sounds terrible but we are at a loss for what else to do.
2007-09-24 06:48:19 · 4 answers · asked by jinxies 2 in Business & Finance ➔ Credit
I spoke to my best friend who works at Washington Mutual bank. She stated banks do not call cell phones to verify employment and income, and they also send a form to the company for them to sign and verify this information again.
2007-09-24 07:04:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, as long as the person on the other end of the phone sounds credible they wont care if its a land line or cell phone. Just make sure the person verifying the information knows what they are supposed to say ahead of time.
2007-09-24 08:07:35 · answer #2 · answered by hanky stank 1 · 0⤊ 0⤋
The word "fraud" comes to mind.
If your debt to income ratio is high, you probably can't afford that house. What are you trying to throw into the consolidation? Is it just house or are you throwing in car loans and credit card debt?
2007-09-24 07:15:22 · answer #3 · answered by bdancer222 7 · 2⤊ 0⤋
Anyone can be a reference. People create fake references all the time. Employers only know who you put down as your boss. My cousin got a job by putting me down as her boss and she has never worked for me.
2007-09-24 07:06:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋