401(k) Archives - San Diego Purchase and Refinance Loans

Use My 401(k) to Qualify for a Mortgage FEATURE

by Chad Baker July 19, 2022

How Can I Use My 401(k) to Qualify for a Mortgage?

If you are asking "how can I use my 401(k) to qualify for a mortgage?", this article will provide the answers. Not all borrowers fit into neat boxes required by traditional lenders and typical mortgages. Many borrowers are, of course, employees with a…

Asset-Utilization Loans in California: Perfect for Retirees, Investors, and the Self-Employed

by Chad Baker March 8, 2022 0Comments

Asset-utilization loans are important for a wide variety of borrowers. This article will explain the details and describe some of the reasons why you may benefit from the program. Borrowers, like people, don’t fit into neatly organized categories. They don’t always conform to…

The Essential Documents You’ll (Probably) Need for an Asset Mortgage

by Chad Baker November 30, 2021 0Comments

This article will explain the important documents you'll need if you want to use an asset mortgage on your next home purchase. There are many ways to qualify for a mortgage loan. You can, like most people, use your income. But if you…

Enhance Your Borrowing Power by Using Equity on an Asset-Utilization Loan

by Chad Baker October 21, 2021 0Comments

An asset-utilization loan is a good option if you have an irregular income but a strong personal net worth. This article will explain the benefits of this useful mortgage. The economic situation for many Americans in changing. Traditional income sources are becoming less…

Asset Utilization can Help Qualify for Mortgage Loans

by Chad Baker April 29, 2021 0Comments

For most people, using traditional income documents, such as paystubs and tax returns, is the best (and possibly the only) way to qualify for a loan. But for others, these documents are either incomplete or simply don’t exist. Asset utilization, therefore, may…

How COVID-19 Has Made Bank Statement Loans More Important Than Ever

by Chad Baker February 9, 2021 0Comments

With a changing work environment, bank statement loans are becoming more important than ever before. People are adjusting how they work, and these changes have made the need for flexible loan approval more common. Using bank statements instead of paystubs,…

How to Qualify for a Larger Loan Using Assets

by Chad Baker September 14, 2020 0Comments

Using assets to quality for a home loan is a common strategy for retirees. If you are at the retirement stage of your life, and want to purchase a new home (and need a loan to do so), you probably don’t have…

Using Assets on a Mortgage Application to Qualify for a Loan

by Chad Baker April 13, 2020 0Comments

Sometimes people have moderate or inconsistent incomes, yet need a mortgage loan that allows the purchase a world-class home. Fortunately, assets such as physical property and investment accounts can be utilized for your next purchase. How (and Why) You Can…

Happy retired couple on lawn in front of house.

What Every Retiree Needs to Know About Employment-Related Assets and Mortgages

by Chad Baker July 4, 2018 0Comments

It’s a problem that many new retirees experience. You just celebrated one of the most important accomplishments of your life, you have great credit, and excellent assets; you should be a top-notch candidate for a mortgage loan. But…

401(k) for a Downpayment: Is it Ever a Good Idea?

by Chad Baker December 26, 2017 0Comments

The 401(k) is one of the most important retirement programs available to the American worker. As a bedrock for retirement savings, this plan allows employees and employers to make pre-tax contributions to an investment portfolio, allowing you and your employer…