Just caught up on weekend posts and rodneyb14, that was the most sensible post of the bunch. Your 2 cents was worth more than that and i'm with you. sagedono
Your comments make sense on the surface. But doesn't the bank need to be convinced about future income in order to approve the mortgage? No doc loans are not available. So then, he was showing substantial income for himself to qualify for a mortgage that's over 800k? And that came from where? Consulting? Where else?
...based on the knowledge that he could afford the monthly payment over the next 30 years because his company is going to be able to provide him with a steady income stream.
LMAO! No bank is going to grant a mortgage based upon an applicant's claim that his company will someday in the future be making him oodles of money. Except, of course, if you were Paul Manafort and just plain lied about everything. Now, does that sound like our ww?
If you are trying to spin a mortgage approval into a ringing endorsement of EVIO's future prospects, then I have a bridge in the desert and a Spruce Goose to sell you.