Considering Retirement and Downsizing or Moving? Make sure you know the facts about how home lenders will review your change in income and how it can impact your ability to purchase a home. If this sounds like something you are considering, please include a call with me in your retirement planning!
Related Article Title: How Does FHA Calculate 401k Distributed Income During Retirement Years? Question: My client has income from their 401k. Each year this is a different amount based on their needs. How would I count this type of income for an FHA loan? Mortgage Income Analyzer™ – Retirement Account Withdraws Answer: A two-year average […]