Retiring or Changing Jobs Prior to Buying a Home? Here’s what you need to know! Home lenders look for a history of income and a likelihood that this income will continue. When you retire or change jobs prior to closing, it triggers additional documentation requirements, or may require you to wait until you start receiving that income. Let’s talk about your plan before you buy a home!
Related Article Title: Borrower Retires Prior to Closing – Future Pension Income Allowed? Question: My client retired while under contract to purchase a new home. Her pension will not be received until after the loan closing date. Can this be used as “future income”? MC – Income Analyzer – Retirement Income – MC -Income Analyzer […]