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  2. Should retirees use their homes to pay bills? - AOL

    www.aol.com/finance/retirees-homes-pay-bills...

    In fact, in a recent Fannie Mae survey of 60-plus homeowners, a majority indicated they were not likely to use home equity for additional retirement income — a top reason being, they wanted to ...

  3. Can I qualify for a mortgage if I'm about to retire? - AOL

    www.aol.com/finance/qualifying-for-mortgage-in...

    How does retirement income impact mortgage eligibility? ... Fannie Mae. Accessed December 20, 2024. Analysis of Benefit Estimates Shown in the Social Security Statement, Social Security ...

  4. Buying a new home in retirement: Pros, cons and ... - AOL

    www.aol.com/finance/buying-home-in-retirement...

    This includes Social Security, nontaxable retirement income, military allowances and more. ... B3-3.1-01, General Income Information (05/01/2024), Fannie Mae. Accessed December 13, 2024.

  5. Fannie Mae - Wikipedia

    en.wikipedia.org/wiki/Fannie_Mae

    The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

  6. Verification of employment - Wikipedia

    en.wikipedia.org/wiki/Verification_of_employment

    Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

  7. Can I use my 401(k) to buy a house? - AOL

    www.aol.com/finance/401-k-buy-house-221331097.html

    It is possible to use funds from your 401(k) account to buy a house. However, doing so might incur both a penalty and income taxes. Borrowing from your 401(k) — essentially loaning money to ...