Reasons for Mortgage Loan Denial: What Borrowers Should Know Getting denied for a mortgage is stressful, especially after weeks of gathering documents and waiting on updates from a lender. There are a handful of common reasons for mortgage loan denial,…
This post compiles the questions that private RSU employees ask most often when they start exploring mortgage options. Each answer is written to be direct and practical. For more depth on any topic, the earlier posts in this series cover…
A standard mortgage application requires a set of documents that most borrowers are familiar with: pay stubs, W-2s, tax returns, bank statements, and a few others. For private RSU borrowers, those same documents are still required, but additional items are…
For employees at large private companies, the relationship between equity compensation and mortgage qualification often comes down to one question: has a liquidity event occurred? A liquidity event is any company-level transaction that converts private equity into cash or publicly…
When a borrower applies for a conventional mortgage, the lender's primary focus is on the borrower's income, credit, and assets. The employer matters, but mainly as a source of income verification. For a private RSU mortgage, the employer is a…
Employees at private companies often receive RSU grants that look similar on paper to those at public companies. There is a vesting schedule, typically over four years. Shares are credited at regular intervals. The grant shows up in offer letters…
When a borrower with private RSU income applies for a mortgage at most lenders, the income documentation shows RSU compensation that cannot be included in the qualifying calculation. Understanding why this happens makes it straightforward to identify the right type…
A Common Question With a Complicated Answer An employee at a large private company sits down with a loan officer to discuss buying a home. The base salary is solid. The equity compensation is substantial. On paper, the total compensation…
Bonus income has become a significant part of nursing compensation. Sign-on bonuses, retention bonuses, contract completion bonuses, and annual performance awards have all grown more common as healthcare facilities compete for nursing talent. For nurses planning a home purchase, the…
Passing boards and accepting a first nursing position is a meaningful financial milestone. The career path is clear, the income potential is strong, and for many new nurses, homeownership becomes a near-term goal. The most common concern is the two-year…
