[nfb-talk] question regarding mortgage loan

[robert stigile]

Hello All,
When I bought my home a couple of years ago, they asked my 
employer if I will be employed for the next three years.
They could not answer that, but they did tell them that I had 
been working there for four years already.
Also, they wanted a letter from social security stating that I 
will receive it for the next three years, but they do not do 
that.
So, I provided a letter of awards which
showed my earnings for the next year and they accepted that.
Have a great day!

Robert Stigile
phone: 818-381-9568
e-mail: rstigile at gmail.com
Skype: robertstigile1
Twitter: rstigile

 ----- Original Message -----
From: "Mike Freeman" <k7uij at panix.com
To: "'NFB Talk Mailing List'" <nfb-talk at nfbnet.org
Date sent: Wed, 7 Aug 2013 12:26:05 -0700
Subject: Re: [nfb-talk] question regarding mortgage loan

Sherry:

Au contraire: they *can* ask your employer to verify your current 
income
though probably not income for the next three years.  What I 
suspect you're
running into is that they cannot conceive of a situation (being 
unfamiliar
with SSDI) wherein your income is guaranteed.  You'd have much 
the same
problem were you in business for yourself.

Mike Freeman


-----Original Message-----
From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of 
Sherry
Gomes
Sent: Wednesday, August 07, 2013 11:44 AM
To: NFB talk list
Subject: [nfb-talk] question regarding mortgage loan

hi all,

I'm in the process of trying to buy my own very first owned home.  
I'm 55,
and I've rented all my adult life.  The person who has been 
working with me
on getting my loan processed emailed me today to say that the 
loan
underwriter wants a document from a doctor verifying that I will 
still have
my disabilities for the next three years.  I work--am 
self-employed--and I
get some SSDI.  this requirement does not seem fair to me.  after 
all, they
can't ask a person without a disability to get their employer to 
verify that
they will be employed for the next three years.  and in my case, 
they aren't
even asking me to get the company for which I contract to verify 
I'll still
have my contract in three years.  Are they allowed to ask for 
such
verification? When I keep questioning this, they tell me they 
can'[t refuse
the loan on the basis of my disabilities, but that they can ask 
for this
verification from my doctor.  It doesn't seem right.

Sherry



So hold this moment fast,
And live and love as hard as you know how, And make this moment 
last,
Because the best of times is now.
--La cage aux Folles




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