Home equity line of credit (HELOC) - NO Income verified -

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO

home equity line of credit (heloc)

stated income-verified assets (siva)

Must provide proof of at least 50 months of PITIA reserves.

Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN

 

 

Comments (2)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is interesting information to share.

Do retirement accounts count for the required reserves?

Dec 09, 2021 10:06 AM
Bob Thompson 562.344.5626 Alternative Documentation

Yes Roy, reserves can be met with retirement accounts with the usual bank computation - 100% after age 59 1/2, 70% if under. 


 


Thanks, I look forward to a conversation, 


 




Bob Thompson

Chief Executive Officer


Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.

Dec 10, 2021 06:29 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bob Thompson 562.344.5626 Alternative Documentation many homeowners can benefit from this HELOC program.

Dec 09, 2021 11:01 AM