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Forum : United States Coast Guard Forum : USCG Recruiting Forum : financial waiver because i own a house
financial waiver because i own a house
Last Post 19 Jan 2017 10:23 PM by disciplecore. 2 Replies.
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j1nx440User is Offline
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j1nx440

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14 Jan 2017 11:40 PM
    Does anybody know why would need to have a financial waiver because of owning a house? current debt to income ratio is 27% used to be 36% but paid of some loans to bring it down.
    mkellyUser is Offline
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    mkelly

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    18 Jan 2017 08:53 AM
    Your best bet is to ask your recruiter. The financial waiver is not for owning a house, it is for the debt to income ratio. Are you calculating it with the pay you will be receiving in boot camp? Do you have renters for the house? If so, you'll have to calculate it with that income as well. If your debt to income is actually 27% now, just show the documents toy our recruiter and things should be fine.
    disciplecoreUser is Offline
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    disciplecore

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    19 Jan 2017 10:23 PM
    Posted By mkelly on 18 Jan 2017 08:53 AM
    Your best bet is to ask your recruiter. The financial waiver is not for owning a house, it is for the debt to income ratio. Are you calculating it with the pay you will be receiving in boot camp? Do you have renters for the house? If so, you'll have to calculate it with that income as well. If your debt to income is actually 27% now, just show the documents toy our recruiter and things should be fine.
    How is this determined ? Does the recruiter run a credit check ? So if something like a loan is paid but isnt reflected would that pop when they run it ?
    "The only easy day was yesterday"
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