High Assets | No Job | Normal Mortgage: “I can afford the house outright. Why does the mortgage loan officer or bank care about W-2 income?”
This is an excellent question, and like many things when it comes to applying for a mortgage, it ties back to the events of 2008. In the fallout of that event, numerous things happened, including the passage of the Dodd-Frank Wall Street Reform and Consumer Protection...
“You Have to Get Divorced to Get a Mortgage!”
The following came across my social media feed, on one of the mortgage loan originator groups, and I found it amusing: It sparks some obvious questions, the answers to which some might find useful. The most obvious being, “why would someone be told they have to get...
Chris Mason, Loan Officer
