No. of Recommendations: 3
I asked AI, so reader beware, if the loan could be called if the value of your assets declined. It stated that your assets were evaluated for qualification, not collateral. You may have to liquidate more of your assets than expected to pay the monthly payment, if the stocks went down and you were pulling funds for payment from your stocks. That would be an issue with a conventional mortgage as well. Our payments would have come from our cash account, not our IRAs.
Hope that helps.
IP
