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Real Estate
Reply to "Can you buy a house without a job?"
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[quote=Anonymous][quote=Anonymous]The bank will look at the actual alimony/child support agreement. You will not be able to obtain a 30 year mortgage if your spousal support is only for five years. The prospect of potentially maybe accessing retirement funds early is not going to alleviate this situation. You need probable income for the length of the mortgage. That means either gainful employment or 30 years of alimony[/quote] How do people ever buy houses then? They could lose their job, and people will sell their house before 30 years is up. Is it really expected you'd be living there 30 years? It's moot anyway because there are no houses for sale in the school district, so then what? Rent a house or apartment? Is a bank statement enough proof if I don't have a job?[/quote]
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