Can you secure a mortgage with no job?
I stand to have a lot of cash when I sell my home next year. I'm planning to move to another state with no job in mind. I will be investing in rental properties after a while.
I'd like to secure a maximum conforming loan (ie $417,000) on a home that I will buy in the $800's. In other words I'll be putting about 50% down. I have outstanding credit ratings. Will banks make this loan to me? Will they try to jack up the interest rate?