No, retirement doesn't impact your credit score. However it will change your income, this in turn impacts your ability to pay a mortgage.
Here is the exact ratio for Fanie Mae mortgages: 36% of pre-tax income on all debt. No more than 33% on mortgage. The percentages used to be 28 and 31 total under pre Clinton underwriting rules.
Most banks use Fannie Mae standards in order to resell the mortgage, while some banks hold the mortgages and don't sell them, typically they use higher underwriting standards. The Developer controlled bank is one of those, they require 25% down not 20 and at higher rates, if yout throughly research rates. This was the case for my recent purchase. Others may have other experiences.
Last edited by Toymeister; 12-25-2019 at 07:44 AM.
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