No. of Recommendations: 2
RH -

To add a bit of a nuance to AJ485 comment about asset-based mortgages.

3 years ago, I am in your position regarding mortgages - plenty of liquid assets yet very little income. Banks were not considering mortgages to us. The "work around" we did was establish an automatic monthly withdrawal from one of our accounts. Based on the documentation we got from Fidelity, the bank considered the automatic withdrawal as income. Once the bank approved the mortgage, we cancelled the automatic withdrawal and withdraw funds as necessary.

This, coupled with your assets, may work in your situation.

FWIW, be careful about letting banks, etc. check your credit. Too many credit checks in a short period of time is a ding on your credit - even if you never borrow any money. It should not be that way, but it is. Frustrated me to no end because our rating was where yours is at.

Good Luck!

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