How does an asset depletion mortgage work, and who is it best for?
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Asset depletion loans are designed for people who have significant savings or investments but don’t necessarily have traditional monthly income. Instead of focusing only on paychecks, these loans may allow certain investment assets such as brokerage accounts, retirement accounts, or other qualifying assets to help demonstrate repayment ability. This can be an excellent option for retirees, high-net-worth individuals, or people taking time away from traditional employment. It’s one of my favorite loan strategies because it helps clients use the financial strength they’ve already built without necessarily liquidating investments just to qualify.