All Forum Posts by: Lauren Bellis

@Leo A.

This is extremely helpful! I have a 403(b) account, and the plan does not have any withdrawal options until I terminate employment; there are also no loans allowed in this plan, so it would most likely not be approved by my bank. But good to know as a future option.

I am in the process of saving for my first investment property (3 family in Boston area). I spoke with a lender at my local bank, and was told I need to save 6 months worth of mortgage payments (in addition to my down payment) to be approved for a mortgage on an investment property. Is this common practice?

Thanks for your help!

-Lauren