Post closing procedure request from lender

[Lynn Wong]

Hello all! I have a request from my lender Rocket Mortgage asking me to provide to them the Withdrawal term of 401k even though I didn’t use my 401k to down for my rental house.  My broker said they just want to have the statement if I would have future hardship.   Is that something they ask for investment if we don’t have lots of money on reserve? 

[Jon Puente]

Hey Lynn,

They are probably asking this question for reserve requirements on investment properties. Even though you did not use it, did you supply them with a 401K statement for reserves?

To be honest, it should have been caught prior to closing as a PTF condition (prior to funding).