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It sounds like the risk wasn't quantified correctly in the first place. Being a highly-skilled tech worker, working for a well-funded startup should have nearly
by hueving 11y ago
It sounds like the risk wasn't quantified correctly in the first place. Being a highly-skilled tech worker, working for a well-funded startup should have nearly no impact on the probability of you being able to pay your mortgage. Even if the thing collapses, you can have another job within a week. If the whole industry collapses in a dotcom bust style, established companies will be heavily impacted as well.
- sokoloff 11y agoI had a similar situation when buying my house. Tech employee, fairly high percentage of compensation was stock options (we'd gone public ~18 months prior) and the standard route wasn't working (as there was no place to put the variable/incentive comp). Mortgage broker got it done very easily (albeit with Countrywide, not exactly known for the strictest of standards :) ). Never missed or late on a payment on that loan.