Moving to Maui: Financing Hell

We asked a lot of questions about the house that we want and fortunately there are no show stoppers. Now we’re working on financing.

You would think this is doable: we have no mortgage, intend to sell our current house, and have 4 times the cost of the new house in investments. But because I’m retired, the finance person is balking. We’re jumping through hoops to show steady income, where I’m now taking regular IRA distributions that we don’t need. But, we’ll sit on the cash until things settle down.

So now we’re on the verge of getting a couple of pre-approval letters. In the next few days, we’re making an offer to buy the house.