In the process of getting a HELOC. Good credit, high income, ~45% equity in the house. Should be a no brainer.
Underwriter keeps kicking back my application because the gross income reported by my company is about $10K higher than my taxable income on my W2.
This is entirely because of pre-tax deductions for health insurance premiums and HSA contributions.
The keep getting hung up on this "discrepancy" and asking me if maybe I got a second W2 from my work that shows "the rest" of my income. I'm like "it's right there in Boxes 12c and 14 of my W2, don't you know how these things work? You're a **** bank for crying out loud."
Grrrrrr.......
Submitted June 06, 2020 at 08:52PM by purple_baron https://ift.tt/3cDS3tF
