Re: Pro poker player buying a house...
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No, you are wrong, on a No Income verification loan the lender usually wants to see a 6 months reserve of PITI (principle, interest, taxes and insurance.) It also raises her spidey senses to see someone who claims making $10,000 a month with only $2,000 in their checking account. Then she/he can/will start asking more questions. That is something you don't want to see. It only goes downhill from there.
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I just got a NI loan. They did not ask to see anything. Credit score and 10% down. Period.
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