Less buying power due to rise in interest rate. Any lenders who consider RSUs for mortgage limit??
Yesterday
23 Comments
My banker just told me I can only afford up to $3.4M purchase price, down from $3.75M a month ago. Perfect example of reduced affordability which could be a headwind to house prices.
This is primarily since interest rates have gone up and I have reached the 43% debt limit (based on my base and bonus).
Does any major bank consider invested RSUs as income to determine mortgage limit? More than half of my salary is in RSUs.
comments
It’s not guaranteed income
They and Loan Depot would also take RSUs as long as you had a 2 year schedule, 3 years of future grants, and proof that they are an annual grant.