I still have many years before I can retire and withdraw penalty free, but I was investigating and saw I’m able to take out a loan against my savings and could use it for a home purchase.This gives me a bit a cash to play with but wanted to check if others have considered the same?

Scenario:I have about 8 months left and am looking to finance a duplex using my VA home loan, with the intent of house hacking it..

According to our understanding of the VA home loan guidelines, a property can be up to 4 units, and mix use is allowed so long as the property will be the buyer’s primary residence and the the commercial use is subordinate to the residential use comprising no more than 25% of the property space.

So, I figured that posting a VA Home Loan Benefits - Information and More.

We do all of the work and management, he invests the down payment and improvements (20%, plus improvements), we get the DSCR loan in our name (80%), we split the profits.

FHA Loan.

However, when I purchase the home it was being used as a single family, therefore, the loan I currently have is for a single family.- When I bought the house, I renovated the apartment and it is currently being rented out.- My question is do I do a cash out refinance or take out a HELCO (the mortgage broker I used originally advised that)?

@Matt DornakWhat is the specifics- If it’s selling a property to buy another there could be programs that work but other than that, no owner occupied loan to delay financing

Any affordability red flags, like high loan payments?

Yes, the good ones make it look easy...Thankfully, I have always been constantly learning and improving my skills so I can prevent problems for my clients.