Are you an Authorized User on a Credit Card?  Most people don’t think about the impact on your credit when you are an authorized user of someone else’s credit card.  However, when buying a home, the lender reviews your creditworthiness. As an authorized user, this may have a positive or negative impact on your credit. If you are curious as to how this affects your ability to buy a home, let’s chat!
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Are you an Authorized User on a Credit Card?  Most people don’t think about the impact on your credit when you are an authorized user of someone else’s credit card.  However, when buying a home, the lender reviews your creditworthiness. As an authorized user, this may have a positive or negative impact on your credit. If you are curious as to how this affects your ability to buy a home, let’s chat!

ByBrandon Butler

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If you are currently renting and are thinking about purchasing a home, a lender will review your rental history. Some of my clients pay cash for their rental property each month, so there is no “paper trail” such as a canceled check or other payment method. If this is your situation, you can still purchase a home. We just document your rental history in an alternative way. Let’s talk about your situation and come up with a plan!
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If you are currently renting and are thinking about purchasing a home, a lender will review your rental history. Some of my clients pay cash for their rental property each month, so there is no “paper trail” such as a canceled check or other payment method. If this is your situation, you can still purchase a home. We just document your rental history in an alternative way. Let’s talk about your situation and come up with a plan!

ByBrandon Butler

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Can you use retirement funds as income to qualify for a home loan?  Maybe!  To use retirement assets as income to qualify for a home loan, you must meet specific requirements.  These include having access to withdraw the funds in their entirety without being subject to a penalty or an additional early distribution tax. For most people, this means reaching the age of 59.5, which is the IRS age for withdrawals without penalty; however, there are some exceptions.  If you have questions about your income and buying or refinancing a home, let’s talk!
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Can you use retirement funds as income to qualify for a home loan?  Maybe!  To use retirement assets as income to qualify for a home loan, you must meet specific requirements.  These include having access to withdraw the funds in their entirety without being subject to a penalty or an additional early distribution tax. For most people, this means reaching the age of 59.5, which is the IRS age for withdrawals without penalty; however, there are some exceptions.  If you have questions about your income and buying or refinancing a home, let’s talk!

ByBrandon Butler

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