It’s a common problem for retirees seeking to refinance or get a new mortgage: After their regular employment earnings stop flowing, their monthly incomes drop. They might have hundreds of thousands of dollars stored away in IRAs or 401(k) plans and other investments, but for mortgage purposes, they don’t have enough monthly income to qualify for the loan they want. They look asset rich, income poor. In some cases, that impression can create serious problems […]
source https://therealdeal.com/2018/11/02/fannie-and-freddie-programs-offer-options-to-retirees-seeking-home-loans/
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