IRA distribution income Archives - San Diego Purchase and Refinance Loans

Senior couple cooking healthy food and drinking red wine at house kitchen

When you were working, calculating your income for the purposes of securing a loan was easy. But with retirement accounts, it can be slightly more complicated. However, if you understand the basic math, you can use IRA distributions for the purchase of…

Who Will Benefit from Our Creative Strategies to Establish Income?

by Chad Baker October 3, 2019 0Comments

In a previous article, we discussed the various strategies we can use to establish your income . We feel this is an important topic, and we’d like to revisit the subject by discussing the different people who may benefit from these strategies.…

That’s Our Specialty! 5 Unique Loans Provided By Our Staff

by Chad Baker September 17, 2019 0Comments

At our office, we take a special pride in providing a variety of unique loans; options that may not be available with other groups. These loan products allow us to serve many borrowers who would otherwise be left without financing. Some are…

How to Establish Your Income When Traditional Methods Fail

by Chad Baker September 10, 2019 0Comments

For the vast majority of borrowers, establishing your income is simple. Take a couple years of tax returns, bring along some paystubs, and the lender can do the rest. Most lending agents and institutions are experienced using these documents, which make the…

Woman looking at bank statement and smiling

Considering a Bank-Statement Loan? Here are the Top Reasons to Choose this Option

by Chad Baker December 5, 2018 0Comments

By using a different form of information to verify a borrower’s income, bank-statement loans make mortgages available to many people who might otherwise struggle with financing. If you have a unique career, or simply want to improve the terms of…

Retirees learning about IRA distributions

5 Tips for Using IRA Distributions for Loan Approval

by Chad Baker October 31, 2018 0Comments

If you are retired and need a new home, approval for a mortgage can be difficult. You no longer have a regular income from work, and the income you do receive comes from a wide variety of sources. To get…

Using IRA Distribution Income to Qualify for Your Next Mortgage

by Chad Baker June 22, 2018 0Comments

Upcoming retirees have a lot to think about. Will their money last through the next three to four decades? Will they find ways to stay both mentally and physically healthy? What European vacation do they want to do first? (Some…

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Using IRA Distribution Income to Qualify for a Loan? Here is How Your Income is Calculated