Interest Rate Issues

[Tyler Thackston]

I'm having A really hard time getting a good interest rate. I have about 1 million in assets with a 780 credit score but my job is unpredictable since I am a independent personal trainer. I have reached out to two mortgage lenders who have only offered me a 7.25% rate at best. Am I missing something?

[Chris Seveney]

Quote from @Tyler Thackston:

I'm having A really hard time getting a good interest rate. I have about 1 million in assets with a 780 credit score but my job is unpredictable since I am a independent personal trainer. I have reached out to two mortgage lenders who have only offered me a 7.25% rate at best. Am I missing something?

you hit nail on head - job is unpredictable  = risk. Higher risk higher interest rate. its all about your ability to make the monthly payments and with unpredictable income that will be a factor even with $1M in assets.