Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Shopping for the best rate - DH fail
Before we started the process of building we got preapproved with one lender. We crunched all of our numbers and knew that we would be able to put 20% down, be able to pay our bills comfortably and still grow our savings.
Now that we're getting closer to closing, we're shopping around for the best rate to lock in. One of the lenders that we submitted information to came back and told us we wouldn't even qualify for a loan. She said our debt to income ratio was to high. We were shocked! We went through all our numbers in our head. We confirmed with the other lender that approved us already to make sure we were still ok with them.
I told DH there must be something wrong with her numbers. She must be calculating something wrong. Well, last night DH looked at everything he sent her in regards to our income. He finally realized he only gave her half of our income numbers. He only gave her information from 1 paycheck for each of us, which is only 1/2 of the month's pay!
We laughed it off and he sent an email to her to explain the situation. She probably thought we were off our rockers for going through with the building process without enough income to back it up.
Re: Shopping for the best rate - DH fail