You Retired Early
You’ve achieved a nice bit of success and have decided to retire early and buy that dream home. Despite your good financial standing and confidence that you can afford the mortgage payment, you might need a lot of cash to buy that home.
“Many people work very hard to save and retire early, but have little income,” said Mark Ferguson, a real estate agent and investor who runs InvestFourMore. “Because they have little income, lenders will not want to give them a new loan.”