Alternative qualification
When your assets tell the fuller story.
An asset qualifier program uses qualifying assets as part of the income qualification process. It may be a potential option for borrowers whose balance sheet is stronger than their income documentation.
The idea behind it
Some borrowers hold substantial assets while showing modest documented income — retirees, borrowers between ventures, and those whose wealth sits in investments rather than salary.
Asset qualifier programs consider qualifying assets as part of the qualification process. Which assets qualify, and how they are treated, depends on the program and applicable underwriting guidelines.
What to bring to the conversation
Statements describing the accounts and assets you hold, plus details of the property involved, give Keon what he needs to discuss whether this path may be worth exploring.
Program availability, terms and qualification depend on individual circumstances and are subject to applicable underwriting and program requirements. Speak with Keon to determine which programs may be available to you.
Next step
Your financial situation is unique. Your mortgage strategy should be too.
Talk with Keon about what you're trying to accomplish and explore the mortgage options that may fit your situation.