Asked by Julianne, 94303 • Sat Jun 25, 2011
I am in my early twenties, have several million in cash, and will be working for $20000/yr as an intern before applying to law school. My credit score is 720. I'm interested in buying a teardown in Palo Alto and building. I could theoretically do this in all cash, but I'd rather get a mortgage for the house I buy to teardown. Will I be able to get a mortgage if I have little to no income, and am very young? My father is retired, so he also does not have income.
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