News for hackers. Stuff that matters.
Re:No Pay Stub? No Problem. Unconventional Mortgages Make a ... by wil421 on Wednesday January 23, 2019 @11:12AM (#18979476)
>For a roughly $610,000 home loan, a mortgage company let her verify her earnings with 12 months of bank statements and letters from clients.

It clearly says she took out a 610k home loan which means it was still 600k. It’s likely she has a good bit of equity.

What kind of nursing student gets paid under the table by clients?

Still it’s pretty insane and I feel bad for her in 5 years.

>Ms. Hering, who is 30 years old, received a loan at a rate of just over 6% for the first five years; it adjusts after that.

With the Fed signaling they are raising rates she’s in for a shocker in 5 years.

There are no comments on this comment yet.