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Old 07-11-2007, 08:42 PM
SossMan SossMan is offline
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Join Date: Apr 2003
Location: Motorboatin\' Sonofabitch
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Default Re: Buying a House w/ No Job

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taxes: call a cpa, ask him...but you better pay

mortgage: get what's called a no document loan (no doc) higher interest rate but in exchange no questions asked and they can loan you the money. There's also partial doc, stated income, etc. etc. But basically, yes you can get a loan, just go to a bank, sit down and talk (you don't have to use the first bank you talk to, but the mortgage guy will be more than happy to answer all your questions)

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most "banks", as in ones you can walk into, won't have a no-doc program. These are typically only done on the wholesale side, so you would need a broker. Most brokers will do them for relatively cheap, since there is virtually no work to be done on these. I will typically do No-Doc loans for .50%, where my normal fee is 1%.

A Stated income loan wouldn't work since he has no job to state the income from.
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