Mizkif says he can’t get a mortgage because of his $10,000 Warcraft costume

A popular streamer says that he’s struggling to secure a home loan because of an extravagant fan purchase.

Matthew “Mizkif” Rinaudo was elated when he won an online auction in August for a suit of armor with a sword and shield from Warcraft, the 2016 film based on the legendary game series from Blizzard Entertainment. Mizkif now claims that the auction may have cost him a mortgage.

“They’re [mortgage companies] looking at all my stuff and they’re saying why are you spending ten thousand dollars on armor when you’re about to buy a house,” Mizkif shared on his stream. “So now we have to deal with two different companies and we’re getting f***ed over for the loan.”

Mizkif said he’s been living as frugally as he can to prove himself as a reliable borrower.

It’s unlikely that this is the sole factor behind Mizkif’s financing woes. The streamer also shared that he’s worth around $700,000 but didn’t pay his taxes in 2019 out of ignorance. As a result, he said he had to pay almost $200,000 in taxes in 2020.

Still, you may be wondering why a bank or mortgage company would be reluctant to approve Mizkif’s loan if he has over half a million dollars. As a Redditor helpfully explained, the greatest factor that banks look at when assessing loans is stability.

Streaming is already a volatile career which is largely dependent on donations from viewers so a streamer’s earnings can fluctuate wildly from month to month. Combining that with being late on your taxes and spending thousands of dollars on a seemingly frivolous purchase doesn’t inspire much confidence in mortgage companies.

Although buying the Alliance soldier armor has been a disaster for Mizkif’s mortgage search, he maintained that he doesn’t regret the decision at all.

“I actually f***ed myself so hard because I bought this f***ing armor,” he continued on stream, “So really, really not a good time to buy it but it was still worth it. I’m telling you, it was worth it!”

If you enjoyed this story, check out In The Know’s article about how a YouTuber recreated Mario Kart in New York City.

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