Some Retirees Can Use 401(k), IRA Potential Income to Secure Loans

Mortgage investment giants Fannie Mae and Freddie Mac have ease rules to allow retirees the use of “imputed” income — or potential earnings over a period of time — from 401(k), IRA and other retirement assets to qualify for a home loan. The changes can help seniors qualify for a mortgage to downsize into a new home or refinance via currently low interest rates.

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