Asset Depletion Loans
Many times high net worth borrowers will have large amount of assets but not be able to prove the income needed to qualify for the mortgage. They can probably pay for the mortgage 5 or 10 times with their assets but they want to use someone else’s money for the mortgage.
If you have someone like that, please listen to this episode I did with Jerry Sanchez. We discuss a program called Asset Depletion. Don’t get caught up in the formulas we talk about. It can get really confusing, even for me lol, Just understand that we can turn their assets into income without them liquidating the asset.
Call my office at 239-437-4278 if we can help at all. My team of Loan Officers will be ready to serve you and your clients. P.S. We can fully underwrite your buyers that need to be Pre-Approved while they are out looking or before they even get started. We also call the listing agent for any offer you make. It helps the offer get accepted!
You can also watch the video version HERE...
Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.
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