Tips on getting a mortgage as a Pro Poker Player

If you ever thought that applying for a house mortgage as a Professional Poker Player would be a cake walk, you would be wrong. It's not impossible though, as Chris Wallace takes us through the steps he needed to take to obtain a traditional mortgage for a home.

An interesting read especially for anyone who is a professional poker player.

Getting A Mortgage As A Poker Pro​

This is something interesting.😍
Thank you for post.😊
Shelley(@Shells ) , please check the link - it seems to be broken.😔

Well, this is a really good article and I understand all the pain of Chris, since it looks about the same for us, if not worse: the calculation of the subsistence minimum and when making a decision, banks look very carefully so that the income corresponds to covering the subsistence minimum of all family members (spouses, children, dependents) and the balance corresponds to to cover the monthly fee.
The first installment must cover a certain%.
A good credit history: if you have never taken out a loan, then you will most likely be refused: you urgently need to purchase something on credit and close the loan ahead of schedule in order to create a good credit history for yourself.
Health information: you may be rejected because you are unwell.
And most importantly: it is very important where your income comes from: is your income stable and it will be very difficult without an employer's recommendation.
It will be really difficult for people who make a living by poker to get a mortgage.😱

thank you for the article !

thank you very much shells

It is the same with small time entrepreneurs in this part of the world. The employee can have a mortgage as long as he/she has long enough work history in the company and has a steady income. But if the entrepreneur - the boss of the employee - asks for a loan, the bank is suddenly not so sure anymore. Kinda hilarious.

Nafor said:

It is the same with small time entrepreneurs in this part of the world. The employee can have a mortgage as long as he/she has long enough work history in the company and has a steady income. But if the entrepreneur - the boss of the employee - asks for a loan, the bank is suddenly not so sure anymore. Kinda hilarious.

Click to expand...

yes it's the self-employed period, even if you are doing well. sad how they do people.
but a poker pro, wow seems very risky. I would have needed to be able to buy one in cash before deciding to go pro personally