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

Home : Blogs : Rob Spinosa : California Mortgage Blog : Tag "asset dissipation"

asset dissipation: 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 dissipation: Can You Get a Mortgage with Assets but No Income? - 01/06/19 09:11 PM

Can You Get a Mortgage with Assets but No Income?

"Can you get a mortgage with assets but no income?" Well, if I had a dollar for every time I got asked this question, I'd probably then have documentable income and it would send us back to the start of the conversation, right? Seriously, what we're going to cover here are the key points of getting a home loan when you have substantial liquid assets (cash equivalents, stocks, bonds, mutual funds and even retirement accounts) but don't have the traditional income sources that lenders want to see when they go to approve you … (6 comments)

Related Links: