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1- it's just not in their guidelines. If your investor (the person who gives you the $$$) says they want active income, they get it. There are other lenders (private) that may buy that deal.
2- take out a damn reverse mortgage then. if the property qualifies, 40% down you're done.
3-Or show tax returns showing you are paying taxes on your retirement assets / what you draw. There's your income. If you pay no taxes, how can you say you have income?
rjp
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In the movies only bad guys sleep in king size beds.
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