Asset Depletion Loan
The Asset Depletion mortgage option allows borrowers to leverage their existing assets, such as stocks or retirement accounts, as a source of income for loan qualification, ideal for retirees or high-net-worth individuals.
Asset Depletion Mortgage Option
The Asset Depletion mortgage option allows you to leverage your existing assets, such as stocks, bonds, or retirement accounts, as a source of income for loan qualification. Grace Modern Mortgage will assess your total assets and calculate an imputed monthly income based on a predetermined formula. This option is particularly beneficial for retirees or high-net-worth individuals with substantial assets but limited traditional income sources. By considering your assets as a form of income, you can qualify for a mortgage that aligns with your financial position.
