Asset-Based Mortgage

Asset-Based Mortgage

An asset-based mortgage produces an ‘income stream’ from your assets by depleting them over the mortgage term. It’s how you qualify for a mortgage despite not having a traditional income.

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What are Asset-Based Loans & Mortgages?

An asset-based loan or asset utilization loan utilizes assets as income. Whether you are a retiree with a small limited income, a new business, or an established company that needs to sustain a high cash flow, the ease, and benefits of asset-based loans and mortgages have made them a prevalent solution for borrowers in recent years.

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Perfect Trading History
Long Approval Times
Last Resort
High Maintenance

Perfect Trading History

Risk Factor

I need a perfect trading history to get asset-based funding.

Solution

Flexible lenders and innovative fintech companies are making finance more accessible for those that haven’t been trading for years, or even those who might have a less-than-perfect credit history.

Long Approval Times

Risk Factor

The approval times for asset-based funding can be long.

Solution

Gone are the days of having to wait weeks to hear back from a business bank, only to find out you’re not eligible for finance. Today, technologies such as open banking are accelerating the funding application and approval processes for businesses.

Last Resort

Risk Factor

An asset-based mortgage is only a loan of last resort.

Solution

An asset-based mortgage is really just another capital markets product. It’s simply a different way of financing an investment that is more focused on asset levels than cash flow.

High Maintenance

Risk Factor

Asset-based mortgages require high maintenance or extensive reporting.

Solution

Although there is reporting involved, it isn’t nearly as extensive as it was “in the old days,” because the companies and collateral are digital.

Property Coverage

Risk Factor

You’ve lit several candles — which unintentionally start a small fire in your apartment.

Solution

Property coverage under your renters policy may help if personal property like a sofa and a bookcase are damaged by fire.

What Are The Advantages Of An Asset-Based Mortgage?

Asset-based mortgages offer distinctive benefits. 

  • The main benefit of an asset depletion program is making use of your retirement earnings and other assets to qualify for a loan. Designed for those with substantial and verifiable assets, this program works well whether purchasing a home or refinancing. Your asset amount determines your sanctioned loan amount and mortgage payments each month.
  • The benefit of a residential asset-based loan is that you may be approved even though you may have only a small amount of verifiable income. Many people with fixed incomes have lots of assets in various accounts. We enable you to use your help to qualify for a mortgage even if your monthly income is set.
  • Providing an income stream from assets is the best advantage for those with fixed income.

Why are Asset-Based Mortgages essential?

If you have significant assets set aside, you may be a good prospect for an asset-based mortgage, using your liquid assets to qualify for a mortgage.

Rather than investing all your money in a home upfront and putting it at risk, we can help you get the mortgage required to use your liquid assets promptly. This will give them plenty of opportunity to keep compounding and grow your earnings. At the same time, you also invest in a home.

Mortgage Funding, LLC.

We offer a personalized and distinctive approach to mortgages, combining human-driven insights with technical expertise to create a perfect hybrid. Our lending solutions are designed to expedite loan processing, delivering faster results while substantially reducing costs.

Phone

(678) 520-5566

E-mail

info@mortgagesfunding.com

Address

6825 Jimmy Carter Boulevard, Suite 1650K
Norcross, GA 30071

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Disclosure
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.
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