Get a separate checking account opened immediately for that boyfriend. Stop putting his funds in and paying his bills from YOUR account.Moe,
My boyfriend lives with me, but is not on my mortgage note. He pays me $1,000/mo for rent, but he also gives me money to pay his own personal bills through my checking account. My income is quite low, but with rent I should qualify. The problem is that BOTH of our expenses flow through my checkbook. He has a significant income, but he also has very high expenses with 2 kids in college. I have large deposits in this account....so...will Bank of America allow me to show what money is my employment income, what is rent, and what is his? I heard that if you show large deposits exceeding your income you may be denied for that reason. Any help would be greatly appreciated! -Rose-
As it is right now, if you have to supply one of the months of checking account info where his deposits are present, you will need to mark up the deposits and payments that are his. Mark it CLEARLY right on the copies your are sending them and then show the actual total of YOUR deposits. Circle those and put a footnote with them that then is tied to the spot where you note the total of YOUR deposits.
This is the only way to draw sufficient attention to what you are trying to get thru to them. The processors working with the bank statements do not check the info that has been provided. I'm speaking from EXPERIENCE with BofA Village Idiots.
Also, they may ask if he contributes more than just the rent to your household budget.