Almost There 2021
Dryer sheet aficionado
I recently spoke with two mortgage professionals at two highly regarded banks. The reason for this discussion was to find out how much of a mortgage I can get approved for. I was very disappointed to learn that I would not be approved because of income requirements. (Federal Standards)
I am retired so to speak but have been blessed with very good returns on my investments. Currently can show assets in the seven digit range and full ownership of primary residence of 6-700K. Issue at hand is most of my assets are in an IRA and the taxes would be excessive. There are other reason but the taxes are primary.
The question here is do I have any other financing options or am I forced to take my pension, SS and IRA withdraws early to be approved.
Would like some sound advice from the "family".
Thanks in advance.
I am retired so to speak but have been blessed with very good returns on my investments. Currently can show assets in the seven digit range and full ownership of primary residence of 6-700K. Issue at hand is most of my assets are in an IRA and the taxes would be excessive. There are other reason but the taxes are primary.
The question here is do I have any other financing options or am I forced to take my pension, SS and IRA withdraws early to be approved.
Would like some sound advice from the "family".
Thanks in advance.