NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Oh, and 30 years ago when we bought a house, and had to provide a list of assets to the mortgage company. They were interested in dividends and interest, but were not at all interested in our eventual pensions.
And now, I read that bankers are more interested in incomes. Some posters reported having to jump through hoops to get mortgage for a home worth a small percentage of their net worth. No pension, no SS? Lordly, how are you going to make the monthly payment? Look at my investable assets. But, but, but you do not show an income stream, so we can compare to the monthly payment.
This was a few years ago after the subprime bubble burst, after those shenanigan years of "no doc" loans. I do not know if the income stream requirement is still true today.
Crazy, crazy stuff. Real life is so weird and interesting, I stopped reading fictions a long time ago.
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