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Outside the Box: How an early retiree can get a mortgage without a steady income

Most early retirees have no pension, annuity or Social Security income. Even if you’re a traditional retiree, you might have only one of those income streams.

But what if your lifestyle plans require a home purchase? Even if you have the savings to afford a house, you might not necessarily be able to liquidate enough of those assets quickly in a tax-efficient manner. So you’ll need a mortgage. But most conventional mortgage loans are based on income. If you can’t show income, how do you go about getting a mortgage?

When we retired, downsized and moved west, I swore I’d never own another house.

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