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Personal Finances / Buying or Selling a Home


Subject:  Re: Mortgage Date:  8/6/2019  8:26 PM
Author:  inparadise Number:  129238 of 129285

How much trouble did you have getting the mortgage given that you are retired and have no income?

None at all, though I can't really tell you how it was done other than it was a combo of some income from contracting and capital gains/dividends/interest that we reported on our taxes last year, as well as looking at our assets. We've used Dan Cohen at Amerisave for 3 mortgages now and he knows our assets and liabilities well enough that he puts the deal together, but done in a very tight way since Amerisave sells off the loans almost instantly. I know he did not use projected rent from our soon to be rental, trying to keep the loan as clean and simple as possible. We allowed 25 days from ratification to closing in this contract and it looks like things should be ready a week early. Of course, we don't delay in getting them what they want and keep the pressure up on everyone else to make sure they do the same.

It's nice having Dan on our team. Because he has so many years of our info he can give us a quick unofficial thumbs up or down when we are considering a property. He's made what is typically a frustrating process relatively smooth and easy every time.

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