[quote=bearishgurl] I actually know people who fit your description of owning a residence (free and clear) worth >$1M with a 740+ credit score and plenty of other assets (both liquid and illiquid) who cannot qualify for even a $150K mortgage today![/quote]
I have seen the same. With $1M in the bank/or liquid investments, it ignores that the person is probably making more than $100k/yr in sweet passive income {blast from the past used often by someone initialed CS} from that $1M. It also ignores that for someone to build up that type of asset, they also demonstrate true responsibility with money, debt, credit, and assets.
I recently had an argument with someone who claimed that they know more about credit than I simply because they have more credit cards, used them more often and carried more ‘credit’. Oy vey.
