Hi there,
I am not (yet!) retired, but actively planning to. We fully paid the mortgage on our house dance, and should have (hopefully) decent money for retirement through various types of securities and related (safe!) withdrawals. My wife will keep working longer though.
In the first decade, we'll still have a bit of regular income through my wife's salary (which is very small, but she loves her job, so no complaint) and some occasional part-time jobs for me. But this will all be pretty small, way smaller than our current taxable income!
My question is... If we were to decide to move to a new house... Could we get a decent loan while living on very small wages and much more significant revenue from our securities?
Sure, we'll be able to pay cash (cf. previous house), but I'd rather take a new 10-years low-rate loan (if still available by then) and free + invest some additional capital...
What would a typical lender think about early retirees like us?
I am not (yet!) retired, but actively planning to. We fully paid the mortgage on our house dance, and should have (hopefully) decent money for retirement through various types of securities and related (safe!) withdrawals. My wife will keep working longer though.
In the first decade, we'll still have a bit of regular income through my wife's salary (which is very small, but she loves her job, so no complaint) and some occasional part-time jobs for me. But this will all be pretty small, way smaller than our current taxable income!
My question is... If we were to decide to move to a new house... Could we get a decent loan while living on very small wages and much more significant revenue from our securities?
Sure, we'll be able to pay cash (cf. previous house), but I'd rather take a new 10-years low-rate loan (if still available by then) and free + invest some additional capital...
What would a typical lender think about early retirees like us?