lender accept retirment fund as income source when appying for loan mod??

[tomser]

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My income comes from my social security and retirement fund. When you applying for loan mod ,lender accept retirment fund ( mutual fund,stock, bond and dividen at vanguard ) as income. Any problems i have to anticipate ??

thank you for your comment and reply

best wishes

tomser

[ugh_2009]

I don't see why not. You will have to provide documentation that this is a steady stream of income.

[tomser]

thank you for your information
I thought too so why they dont count retirement fund as income but one thing what if i provide a documentation providing $ 500k in my retirment fund - for example- and if they see I have $500k then they might say hey you have a lot of money and I dont need loan md and if i default they may demand me to pay off--just worst case
the retirment fund has beed evarporated 30% since stock market down turn and if it is gone then I would be out of street no oher income to live on.

can you comment on this situation I appreciate it very much