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Solutions For High Net Worth Buyers WITH No Income | Asset Depletion
Manage episode 334113885 series 3159246
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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 video 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!
I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!
· Apply for a mortgage now at https://myvandyk.vandykmortgage.com/dr/c/qojpr
· TEXT “APPLY” to 239-437-4278
· Call me or text me 239-910-5668
· Talk to my team were here to help! 239-437-4278
· Check out my website www.TimHartJr.com
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