Uncover The Potentialities Of Asset Depletion And Asset Utilization


Asset Depletion & Asset Utilization: Two Choices for Utilizing Property Solely to Qualify

When conventional earnings documentation doesn’t suit your monetary profile, our asset-based qualifying strategies will be the proper answer. Right here’s how they work:

1. Asset Depletion (AD)

This methodology lets you convert your qualifying property right into a month-to-month earnings determine. The calculation is simple:

  • Qualifying Property / 84 = Month-to-month Revenue

2. Asset Utilization (AU)

This selection is designed for debtors with substantial property. It requires that you’ve got at the least 125% of the mortgage quantity in property post-closing, with a minimal of $1.0 million. This methodology can present a extra versatile method to qualifying for a mortgage.

Key Options of Our Asset-Based mostly Qualifying Pointers

  • As much as 90% Mortgage-to-Worth (LTV): Maximize your borrowing potential with excessive LTV ratios.
  • 640 Minimal Credit score Rating: Accessible to a variety of debtors.
  • Mortgage Quantities As much as $5,000,000: Whether or not you’re buying a luxurious dwelling or refinancing a major property, we’ve you lined.

Be happy to attain out to us for extra info or to begin your mortgage utility course of. At MortgageDepot, we’re right here to make your homeownership journey as clean and profitable as potential.

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