Liberal Forum

ConsRule » 26 Dec 2023, 4:03 pm » wrote: ↑

26 Dec 2023, 4:03 pm

So you're saying a partner with a Form 1065 income averaging $500k a year for the last 10 years would not qualify for a $400k mortgage?

for the last 10 years

This would qualify him...not a 1099...

So your point is that you don't need to be employed, but you should be employed, and show proof of such for a decade.

Tell ​​​​​​@Z09  the great news.

Z09 » 26 Dec 2023, 4:02 pm » wrote: ↑

26 Dec 2023, 4:02 pm

R.Suave » 26 Dec 2023, 3:58 pm » wrote: ↑

26 Dec 2023, 3:58 pm

1099 may NOT qualify you.

And please stop jagging off to numbers...it's about qualification/not qualification - not "how much".

Kid
You're dumb

You're so far over your head
 Interest rates have so much to do with being qualified

You're just stupid
 

 

No...they don't.

They have to do with how much you qualify for...
 

R.Suave » 26 Dec 2023, 4:06 pm » wrote: ↑

26 Dec 2023, 4:06 pm

This would qualify him...not a 1099...

So your point is that you don't need to be employed, but you should be employed, and show proof of such for a decade.

Tell ​​​​​​@Z09  the great news.

No...my point is you lied when you said "A lack of a w-2 disqualifies anyone lacking the wealth to pay cash" (emphasis mine).

ConsRule » 26 Dec 2023, 4:10 pm » wrote: ↑

26 Dec 2023, 4:10 pm

No...my point is you lied when you said "A lack of a w-2 disqualifies anyone lacking the wealth to pay cash" (emphasis mine).

Your exception being a guy who shows 10 years of 500,000/yr on 1099s.

Hey, you win.
 

R.Suave » 26 Dec 2023, 3:58 pm » wrote: ↑

26 Dec 2023, 3:58 pm

1099 may NOT qualify you.

And please stop jagging off to numbers...it's about qualification/not qualification - not "how much".
 

FYI...if you are saying the various 1099 forms cannot be used to substantiate income qualifications for a mortgage, that is also not true.  You may not have enough income solely based on 1099s, but they can be used as additional income aside from W-2 income.

 

ConsRule » 26 Dec 2023, 4:18 pm » wrote: ↑

26 Dec 2023, 4:18 pm

FYI...if you are saying the various 1099 forms cannot be used to substantiate income qualifications for a mortgage, that is also not true.  You may not have enough income solely based on 1099s, but they can be used as additional income aside from W-2 income.

I'm saying you're a **** idiot.


 

Z09 » 26 Dec 2023, 4:11 pm » wrote: ↑

26 Dec 2023, 4:11 pm

And the qualifications are based on how much you want to borrow......and the interest you're paying on that potential loan...
That's how they determine the monthly payment.

This is amazing 
 This is stupid.

Have you ever taken out a mortgage before?
Obviously not.

No...

Qualifying is qualifying...

If you can't afford the payments on a $300,000 home, you'll look for one at 250,000.....assuming the original seller is unwilling to move their house and won't negotiate.
 

R.Suave » 26 Dec 2023, 4:17 pm » wrote: ↑

26 Dec 2023, 4:17 pm

Your exception being a guy who shows 10 years of 500,000/yr on 1099s.

Hey, you win.

My exception being people with income that is not in the form of wages/salary, bonuses, and gifts.  Remember, not everything that is reported on form w-2 is income that could be used to pay on a mortgage.
 

ConsRule » 26 Dec 2023, 4:23 pm » wrote: ↑

26 Dec 2023, 4:23 pm

My exception being people with income that is not in the form of wages/salary, bonuses, and gifts.  Remember, not everything that is reported on form w-2 is income.

"Income"?

So income IS a qualification?

What does that make No Income?

Share that with. @Z09  

 

R.Suave » 26 Dec 2023, 4:23 pm » wrote: ↑

26 Dec 2023, 4:23 pm

No...

Qualifying is qualifying...

If you can't afford the payments on a $300,000 home, you'll look for one at 250,000.....assuming the original seller is unwilling to move their house and won't negotiate.
 

If you cannot get a co-signer.  You really should stop posting what appear to be absolutes.  It makes you look even dumber than we already know you to be.

 

R.Suave » 26 Dec 2023, 4:26 pm » wrote: ↑

26 Dec 2023, 4:26 pm

"Income"?

So income IS a qualification?

What does that make No Income?

Share that with. @Z09

I never said it wasn't.  I was pointing out you lied when you said the lack of a w-2 disqualifies anyone without the wealth to pay cash.  You really should try to keep up.

Z09 » 26 Dec 2023, 4:30 pm » wrote: ↑

26 Dec 2023, 4:30 pm

And what makes you NOT to be qualified?..

Cmon...
Tell us..

5 years ago you were qualified
Now you're not.

House?
Same price
You're making similar $$$

What changed?

No job is an excellent start.

Explain how Biden affects interest rates...

 

ConsRule » 26 Dec 2023, 4:29 pm » wrote: ↑

26 Dec 2023, 4:29 pm

I never said it wasn't.  I was pointing out you lied when you said the lack of a w-2 disqualifies anyone without the wealth to pay cash.  You really should try to keep up.

And your counterexample is a law firm partner making 500,000, for a decade.

Take the victory lap.

ConsRule » 26 Dec 2023, 4:27 pm » wrote: ↑

26 Dec 2023, 4:27 pm

If you cannot get a co-signer.  You really should stop posting what appear to be absolutes.  It makes you look even dumber than we already know you to be.

Who the **** can't sign their name?

So that's unlikely to be enough to co-sign.
 

R.Suave » 26 Dec 2023, 2:46 pm » wrote: ↑

26 Dec 2023, 2:46 pm

Post GDP and employment data for GOP administrations since 1989...

https://www.forbes.com/sites/johnbremen ... d649475336
I'd rather post visual proof that Democrat Leadership is in total lock step with  [[[JEW WORLD ORDER AGENDA]]] to take full command of every White ruled nation on Earth.


 
 
 

Z09 » 26 Dec 2023, 4:51 pm » wrote: ↑

26 Dec 2023, 4:51 pm

You stated interest rates have nothing to do with being qualified for a mortgage..

You're stupid
There's no other word to describe your statement.

Why 5 years ago people were qualified for a mortgage...
....And now the same people are not .?

Suppose you tell us?

How does Biden affect interest rates...

GHETTOBLASTER » 26 Dec 2023, 4:51 pm » wrote: ↑

26 Dec 2023, 4:51 pm

https://www.forbes.com/sites/johnbremen ... d649475336
I'd rather post visual proof that Democrat Leadership is in total lock step with  [[[JEW WORLD ORDER AGENDA]]] to take full command of every White ruled nation on Earth.

But I didn't ask for that.
 
 

R.Suave » 26 Dec 2023, 4:51 pm » wrote: ↑

26 Dec 2023, 4:51 pm

Who the **** can't sign their name?

So that's unlikely to be enough to co-sign.

Do you not know what a co-signer is?

R.Suave » 26 Dec 2023, 4:55 pm » wrote: ↑

26 Dec 2023, 4:55 pm

But I didn't ask for that.

Well then furnish your own proof that incomes have greatly exceeded inflation...that's what this thread is about..... "THE MOST PROSPEROUS TIMES EVER".
Put up your proof or else STFU.

ConsRule » 26 Dec 2023, 4:56 pm » wrote: ↑

26 Dec 2023, 4:56 pm

Do you not know what a co-signer is?

Yes...it is credit in place of your own.