Did any of you get a mortgage while employed by Tesla? What is the discount that the bank applied to your unvested RSU?
Tesla is immaterial, every bank will have some rate for unsold RSUs regardless. BofA was like 50% or something
More depends on your bank than employer. Even within a bank, it depends on your loan officer and underwriter. Mine would not consider RSUs at all. I encourage you not to take any loan beyond what your salary qualifies you for anyway. Your mortgage should be easily repaid. Aim for early financial independence. It’s the only way to be truly comfortable in old age. But that’s none of my business.
No discount, Tesla is just an employer. They want every single financial detail for qualification and approval. Stocks were factored in as savings at the time. Your Tesla W2 income includes income from any stock sales and you will need to be able to explain the difference between base income and actual income. They're now especially strict on any foreign income or accounts.
Wtf RSU has to do with this? Discount?