Reply to Can you buy a house without a job?

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[quote=Anonymous][quote=Anonymous][b]If you can't pay cash outright, you will have to have pretty solid proof of the money you will be getting in the settlement to convince a loan officer. [/b]Until then, you may need a cosigner.

How long will the settlement take? Can you long-term Air B&B instead? Or look for a house rental by owner.[/quote]

This. The bank will need proof that you can pay the mortgage. If you're not planning on working, then does that mean you have lots of cash? Could you use cash to buy a house?

It sounds like you may not have looked into divorce very deeply yet. You might want to speak with an attorney to find out what type of settlement you should expect. My understanding is that SAHMs who divorce typically have to get jobs unless there's a lot of existing marital wealth to be split. The days of automatically getting half of your ex's future earnings are gone. There are a lot of factors, so please consult with an attorney to see what you should reasonably expect based on your specific circumstances.

Good luck and hugs to you during this difficult time.[/quote]

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