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Personal Finances / Buying or Selling a Home


Subject:  Re: Mortgage Date:  8/6/2019  8:43 PM
Author:  inparadise Number:  129239 of 129287

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

And sorry, I wasn't really clear on the income bit. DH still contracts for his previous employer on an as needed basis, though we could only use the very limited amount of contractor income he had declared for taxes last year. Most of the 2018 income could not be counted given his retirement. We won't be taking pensions for another 5 years or SS for another 10, but I have reconfigured our investments to provide more dividends this year. Sadly that too won't count in our favor until it appears on our taxes for 2019. They really don't use what you are currently earning if it's not in a regular paycheck. Has to have been on your taxes.

Not sure that helps but there you have it.

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