[nfb-talk] question regarding mortgage loan

[Sean Paul]

Basicly the answer which I got from Mortgage underwriter, if you'd not 
disclosed that you had a disability & didn't expect that SSDI income to be 
considered for your mortgage loan. Then, no, they couldn't have asked you if 
you were disabled. However, since you did disclose that you were by having 
your SSDI considered as part of your income, they can then ask about your 
disability & how long you expect to have this disability & how long you 
expect that income from SSDI to continue.
----- Original Message ----- 
From: "Michael Bullis" <bullis.michael at gmail.com>
To: "'NFB Talk Mailing List'" <nfb-talk at nfbnet.org>
Sent: Wednesday, August 07, 2013 16:43
Subject: Re: [nfb-talk] question regarding mortgage loan


> Since your disability is related to your income, they do have the right. 
> If
> your disability was unrelated to your income they couldn't because it 
> would
> have nothing to do with your ability to pay.
> Mike
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of Sherry
> Gomes
> Sent: Wednesday, August 07, 2013 4:17 PM
> To: 'NFB Talk Mailing List'
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> I can't express how many times I've wanted to drop the whole darn thing! 
> But
> I've worked hard and waited long to be able to do this.
>
>
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of Mike
> Freeman
> Sent: Wednesday, August 07, 2013 2:14 PM
> To: 'NFB Talk Mailing List'
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> Yup; securing a mortgage *is* mind-boggling.
>
> Mike
>
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of Sherry
> Gomes
> Sent: Wednesday, August 07, 2013 12:31 PM
> To: 'NFB Talk Mailing List'
> Subject: Re: [nfb-talk] question regarding mortgage loan
>
> That does make sense, but they haven't asked for verification that I even
> have a contract with a company. they accept that I am self-employed, got 
> my
> bank statements, but not even copies of my invoices. Weird. But at least
> it's getting cleared up for me. I think. The whole process is 
> mind-boggling.
>
>
>
> -----Original Message-----
> From: nfb-talk [mailto:nfb-talk-bounces at nfbnet.org] On Behalf Of Mike
> Freeman
> Sent: Wednesday, August 07, 2013 1:26 PM
> To: 'NFB Talk Mailing List'
> 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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