How to Save For Retirement

Video Transcript

"Hello! My name is Brett Staggs and on behalf of Expert Village, I am here to show you how to organize your income and assets for a first time home buyer. When determining what kind of loan or home you can buy, a very important step is getting the retirement organized and documented because that can be a huge part of what is considered your assets. It goes into play with applying for a loan. If you have a 401K or a separate retirement plan, whichever you currently have, the biggest word you can go by is documentation. Because you have to have copies, you have to show everything and it has to be up-to-date and the most recent you have. Documentation; I can't stress that enough with proving assets in your 401K or with your retirement. Get those statements, get them in a safe place or save them in your computer. If you have a scanner, hold on to those because if you don't have those, there is a good chance that you don't qualify. "