No. of Recommendations: 2
Hi RNGuy,

Early Retired at 60. Living off comfortable portfolio. Trying to downsize and buy new home. Banks wont even consider my portfolio for loan approval(although if I wanted I could pay cash.) They suggested rolling everything into annuity for "income" but paying someone to give me my own money is crap. Any thoughts of ways to utilize stock portfolio as income source while keeping investment flexibility.

You need a portfolio lender who offers 'assets-as-income' qualification terms. The lenders that offer these are those who typically do not sell off their closed loans to Fannie & Freddie.

Either call around the retail lenders asking for assets-for-income terms, or use a broker who's already got that in their program portfolio.

Dave Donhoff
Leverage Planner
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