Hubby and I decided to begin looking at buying a house a few months back. He is a vet and so qualifies for a VA loan. We looked at hundreds of houses, driving by them and saying "no way" and many others we looked at. We finally found one that we were willing to place a bid on. We filled reams of paperwork with the real estate agent and the lender. Many of you have bought homes, so you know about having to tell them social security numbers, addresses, debts owed and to whom, and also having to give them identification like a social security card and driver's license or the like. I recognize the reasons why they need this information and appreciate it. However, I am also cautious about who gets my personal information and why. My doctors and health insurance company don't have my ssn, for example. My hubby is very particular to the extreme about this subject. He refuses to give the lender any identification except his passport, an expired passport. This lender is questioning whether this id is valid. Not knowing much about passports, I probably would, too. Would a lender really refuse to lend us money over this?
My Husband, the Incredibly Stubborn Man
June 11th, 2010 at 08:15 pm
June 11th, 2010 at 08:24 pm 1276287860
June 11th, 2010 at 08:32 pm 1276288359
That said, lenders will check your credit and tax information. There is no way around it. They have to have all that personal info to check your credit. Of course a lender would refuse to lend to someone if they couldn't check their credit.
June 11th, 2010 at 09:49 pm 1276292964
June 11th, 2010 at 10:17 pm 1276294629
June 14th, 2010 at 05:25 pm 1276536334
They can refuse to lend you money for ANY reason. This reason would be rather stupid.