Post #14954 by sleepydragon on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Thanks BG.

Sigh, i am getting a mortgage now, but despite i have liquid assets several times of the mortgage amount i want to apply, the bank will only look at my w2 salary to determine how much loan to approve. There are of course asset-backed mortgages i heard, but the interest rate is 2% higher.

I remembered many years ago Bernanke complained he couldn’t get a mortgage because he’s retired. The lending rules of the banks are indeed quite restrictive (or i would even say unreasonable)

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