Long-time podcast listener, first post!
Does anyone have experience with qualifying for a HELOC associated with an investment property that was able to use retirement accounts in the debt-to-income calculation? Don't want to waste time and then not qualify at the end of the process (happened last year). Hoping to find a couple lenders that others have had success with Asset Backed Qualification. I have enough Roth-basis funds to qualify if included in the income calc. Found some lenders online but they require age > 59.5 or force you to convert a retirement account into an official income stream. FYI… I have a 72(t) setup with another Traditional IRA, so have already done that.
54 years old (wife 52), currently supplementing cash flow with Roth-basis funds. Might need a little more to get there. Focusing on investment property to keep investment assets lower for FAFSA SAI calculation (2 kids in college).
Thanks in advance.
Chris_W
