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The switch to self-employment has mortgage implications – LA Times 1-12-14

Despite excellent credit, it’s still possible to be turned down for a mortgage due to new rules on verifying that borrowers have the ability to pay:

“I have loads of money. I own four properties free and clear. I have no debt. My credit file is impeccable. I have a credit score of 760.  And I was just turned down for a mortgage.”

Read the article here  (LA Times 1/12/14)