“So you sold your house, but don’t have a new one yet?”
“That’s right. I can’t get any bank to understand that my overtime pay is required by my job. The problem is most of my pay is from overtime, so by not counting it, it looks like I’m hardly working, which is about as far from the truth as possible. One lender is only giving me my hourly wage times eighty hours a month. I’m working eighty hours a week. They just keep saying that the VA loan has a guideline that requires two years of overtime history before it can be counted as income,” he said, pausing. As if hearing a starter’s pistol, he quickly resumed the story, saying, “The thing is they keep blaming the VA Loan guidelines. I’ve called the VA and they said that I’m right, and that they’ll essentially support any loan that a lender is willing to make. It’s the friggin’ Veterans Affairs after all, not the Anti-Veterans Affairs. They pointed out that they’re guidelines, not black and white, and more than that they said it’s the lenders money. The lender can do what they want. The VA is going to support the veteran. They just recommend that the lender document what they were thinking with unusual cases like mine.”
“So what are you and H- going to do then?
“Tell her, H-” he said, nudging H-.
“We’re vagabonds,” H- said.
“Tell her where our home is for now,” he said.
“Our home is the street-” she proudly continued.
“-No…no, no, no,” he corrected upon seeing the look on the grandma’s face. “The road, H-, the road. Our home is the road. You can’t say street. Totally different meaning. Our home is the road. Vagabond. Road.”
Priceless, enjoy every minute with her.
Pete, how about asking your employer to put you on a salary until your loan closes, and then go back to your hourly wage after the loan closes.