Did you know that a retired borrower can use a new distribution of income from a retirement account as qualifying income for a mortgage loan as long as the income from the asset should continue for at least 3 years?  Even if the borrower has not been receiving the distribution from an asset account for 1 – 2 years or more, the income can be used as long as it meets the continuance guidelines and a structured amount is set up for monthly or more frequent for the income.  For more details on how this works, contact us.