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Re:Poker Money Issues with Home Loan
What a mess. Glad to hear that because I always want to move to Canada for tax reasons, so I guess it makes me feel better that its tough up there too. Yeah it is an odd problem to have too much money. If I had not withdrawn ANY money in the last few months, we would be fine and still have enough to pay this thing.... So odd. Next time I buy a house, I want to try and run bad for a few months and I will celebrate every time I get bad beat.
Posted in: Off Topic 		ele909
Oct 14th, 2009
Poker Money Issues with Home Loan
Hi. Ok we are getting a loan on my wife’s job as a teacher, but a big part of our down payment is from poker money I have cashed out of stars and cake in the last 2 months. I have paid taxes on poker winnings in 2007 and 2008 and have the 1040 IRS forms to prove it. We have enough to but the house without the down payment, but banks are wondering why there is so much money in our account so that is a problem. Does anyone know of an underwriter who will accept this or what steps I can take to work this out'''' Our credit score is near perfect (754) and obviously none of the loan relies on ...
Posted in: Off Topic 		ele909
Oct 14th, 2009
Home Loan from Poker Income? Please Help!
Hi. Ok we are getting a loan on my wife’s job as a teacher, but a big part of our down payment is from poker money I have cashed out of stars and cake in the last 2 months. I have paid taxes on poker winnings in 2007 and 2008 and have the 1040 IRS forms to prove it. Does anyone know of an underwriter who will accept this or what steps I can take to work this out'''' Our credit score is near perfect (754) and obviously none of the loan relies on further income from poker. Does anyone know of a company that will at least accept a transaction statement from PokerStars as 'verification' ...
Posted in: Poker Legislation 		ele909
Oct 14th, 2009