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Investing/Strategies / Retirement Investing
|Subject: Re: portfolio loan consideration||Date: 5/24/2013 2:07 PM|
|Author: CABob||Number: 72268 of 76080|
Is this a tax deferred, tax free, or taxable account?
What do you plan to do with your existing home? If you are going to sell it, can you take a loan against the existing home temporarily?
For some reason lenders seem to care less about net worth and only consider income. This doesn't make sense to me, but, that seems to be the way it is.
When I got a home loan after retirement I had to arrange for IRA withdrawals such that they could see income to make mortgage payments. After the loan was made I changed the withdrawals to what I wanted.
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