Tag Archive for: asset based loans

No Income Verification HELOCS & Mortgages; What Does It Mean?

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One of our best agents, who gets my blog but clearly does not read it 😊, asked yesterday if we have Home Equity Lines (HELOCS) for self-employed borrowers who cannot document income with tax returns or paystubs. Our answer of course was a resounding “yes.” More importantly though, it made for great blog fodder, as I want to set out what “no income verification” means in today’s mortgage world.Read More

No Income Loans – Better Than Ever; Expect More Appraisal Waivers; Buyers Missing Fall Bargains

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All a borrower needs to qualify for a $1 million, 80% loan-to-value loan at 7.0% is about $1.5 million in relatively liquid assets such as savings, stocks, bonds, etc. (note: real estate equity does not count).Read More

Asset-Based Loans: Buy Real Estate Without Liquidating Assets

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Asset-based mortgage loans offer a beacon of hope for asset-rich borrowers who prefer not to liquidate their assets for purchasing properties. These unique financial instruments provide a perfect blend of flexibility and asset preservation, allowing you to tap into your wealth without having to sell off your valuable assets. So, if traditional loans don't quite match your financial profile, this type of loan could be your ticket to seamless real estate acquisition.Read More

Qualifying For Mortgages With Assets Only – No Income Necessary

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WHOM ARE ASSET BASED LOANS GOOD FOR? Asset based loans are perfect for two types of borrowers: (1) wealthy borrowers with very complex financial pictures that would make qualifying in […]Read More