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#1
03-29-2005, 08:30 PM
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Re: Will poker affect my ability to get a Mortgage?
Well yes and no...if you qualify for the loan on the income from both your real job and poker then you might have some issues but if you qualify for the loan on only the income from your real job you have no problems.
Now if you're relying on your poker income for a portion of your potential mortgage payment..I would say buy a smaller house. 
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#2
03-29-2005, 08:37 PM
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Re: Will poker affect my ability to get a Mortgage?
[ QUOTE ]
Well yes and no...if you qualify for the loan on the income from both your real job and poker then you might have some issues but if you qualify for the loan on only the income from your real job you have no problems. [/ QUOTE ] Yeah Im not relying on my poker income for the loan. I have already been pre-approved through several other lenders for over the amount I need just based on my 'regular' income. So should I just tell them to disregard those 'other' deposits?
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#3
03-29-2005, 10:13 PM
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Re: Will poker affect my ability to get a Mortgage?
Apple:
One of the things they look for by checking your deposits are loans from parents, friends, etc. to pay for the down payment. If they think that you have been given a loan/gift they will ask for a letter stating it is in fact a gift not a loan.
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