Real estate blog entries tagged with asset amortization by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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asset amortization: Having Your OREO and Depleting It Too - 04/23/19 06:55 AM

Having Your OREO and Depleting It Too

Asset-backed or asset qualifying mortgages are not endangered species around here. Not a week goes by where we don't field an inquiry from a home buyer or homeowner seeking a mortgage but devoid of the typical income qualifying requirements; paystubs, W-2 forms and tax returns that show what they really earn in any year. So using assets to qualify for a mortgage has become a viable alternative for those who have strong credit and who have demonstrated the ability to save and invest. These individuals can often parlay their (liquid) net worth into qualifying power, and … (15 comments)

asset amortization: Retired. But Not from Home Buying. - 11/28/17 07:24 AM

Retired. But Not from Home Buying.

I live in an aging county. Simply drive north across the Golden Gate Bridge from San Francisco. Did you feel yourself getting older? Even if not, Marin County's residents, with their 46.1-year old median age, will welcome you to one of the most special places in the USA. I'm willing to bet it won't be too long before one of our residents will tell you that our median home price, at least at the end of 2017, is hovering right around $1,100,000. So what happens when a retired person wants to buy a home in a high-cost … (14 comments)

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