Retirement income Archives - San Diego Purchase and Refinance Loans

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…

7 Reasons You Should Use a Bank Statement Loan

by Chad Baker February 22, 2022 0Comments

Bank statement loans can create a path to mortgage financing when other options fall short. With high loan limits, reasonable downpayment requirements, and flexible application terms, these loans are ideal for many people, especially the self employed. Here are seven reasons to use…

How “Conditional Approval” Can Make You a More Competitive Homebuyer

by Chad Baker February 11, 2022 0Comments

When you go through the mortgage process, there are many steps involved. As we have discussed in previous blog articles, you’ll need to complete steps such as pre-qualification and pre-approval . But there is also a step, one less known than…

Simple Tricks to Reach VA Loan Approval

by Chad Baker August 12, 2021 0Comments

The VA loan is one of the best mortgage options in the industry. While it’s only available to qualifying veterans, VA loan approval allows future homeowners to make the purchase with easier qualification requirements and a low downpayment. Compared to other loans,…

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…

Using Assets for a Mortgage: How to Enhance Your Borrowing Potential

by Chad Baker February 16, 2021 0Comments

For most mortgages, the income is the most important aspect of qualification and approval. The lender wants as much assurance as possible that your income reaches a certain level and that this income is likely to be maintained. Seems obvious, right? …

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…

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

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

by Chad Baker April 10, 2020 0Comments

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…

Retired couple looking at mortgage options

Qualifying for a Mortgage with Retirement Income? Find Out What Loans are Available

by Chad Baker November 7, 2018 0Comments

When qualifying for a loan, it helps to use as much of your income as possible. If you’re retired, this creates challenges, as you likely receive limited incomes from multiple sources, such as a 401(k), IRA, or mutual fund account. You may…

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…

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