Getting a Home loan while being a poker pro

[jman220]

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I do mortgages for a living, and if you do things right, it shoudn't be a problem, assuming you have a decent down payment and good credit.

Another thing that will really help is if you go register a business name with the secretary of state. Something as simple as "Smith Companies" or "Smith Financial" would be fine. Something generic that includes your name is best. Register it as a sole proprietorship or LLC. If you really want to make a solid case, get a phone number listed as well.

Down the road, it will help you immensely if you list your "company" on the loan application and can back it up with a registration from the state and a listing in the phone book.

Even if they aren't verifying income, being able to show these things may save you .25% on your interest rate, and the costs are VERY minimal.

This takes almost no effort, and I would VERY strongly suggest it to anyone who plays poker for a living or is even considering doing so in the future. The longer the name has been registered, the more it will help. A registration showing last weeks date doesn't carry much weight.

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This sounds like it might be a little legally questionable...