Investing in a Retirement Plan
What was your experience investing in your retirement plan? Also Can you give some advice on this scenario?....
So this issue came up for one of my real estate clients and we were trying to come up with some creative ways to work through this(if possible). They make six figures but have one credit account that has a high revolving balance, which they pay consistently (no late fees or etc.) the lender they are using to close a single family home is asking that they show additional assets that could be liquidated to take care of the full balance of the credit account. They have a substantial retirement plan and showed the retirement plan as a liquid asset. From a lenders perspective, would this be sufficient enough?
I believe this is one of the contingencies of the mortgage.. Any advice or ideas would be greatly appreciated..