No. of Recommendations: 0
From my experience, you can have all the assets in the world and without a regular income, getting a mortgage can be pretty difficult.

I really wish people who don't know what they're talking about would stop "advising" this woman.

Even in today’s economy it’s still possible under certain circumstances to get a mortgage without having a job. This, despite the fact that the housing crash of 2008 was mainly caused by people who had been given mortgages, even though they couldn’t afford them. In an attempt to continue to make the dream of owning a home a reality for as many people as possible, the government has pushed for new programs that make this possible. There are different types of mortgages for people with no job or ability to verify income. The most popular is the "no documentation" (no doc) mortgage. With a no doc mortgage, the borrower submits no information about their employment or annual income with his application. Instead, the bank is relying on his credit rating and what he’s using for collateral to secure the loan. Keep in mind that the collateral will be key to whether he succeeds in getting this type of mortgage.

More at

Washington Federal, for example, is one of several lenders that offer an asset based loan, and more are coming onboard.
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