News for hackers. Stuff that matters.

A comment on Today I asked a bank for a conventional mortgage and they said no. Parent comment

Re:Today I asked a bank for a conventional mortgage and they... by Dylan16807 on Tuesday April 12, 2022 @05:09AM (#31000250)
It says he didn't even get that far, because they treated his income as almost nothing.
[ Parent | on HN ]
Re:Today I asked a bank for a conventional mortgage and they... by FireBeyond on Tuesday April 12, 2022 @09:11AM (#31002169)
It doesn't say that - it says they found his income too inconsistent, year to year.
[ Parent | on HN ]
Re:Today I asked a bank for a conventional mortgage and they... by Dylan16807 on Tuesday April 12, 2022 @05:34PM (#31008494)
It does say that.

>> Few variables are missing here like the mortgage amount you are asking for and the upraised value of the house.

> [numbers] But we didn't even get to that state with this lender.

> They excluded all my business income because it’s too inconsistent. Quote: “Your business income is too inconsistent. Only usable income is capital gains $14,527 + $780 rental income.”

Didn't get to house details, income was treated as $15k which is under the poverty line.

[ Parent | on HN ]