Asset Qualification Loans are the type of loans in which the people who are getting the mortgages are qualified on the basis of their liquid assets.
These liquid assets should be verified by relevant authorities. Asset Qualification Mortgages are specifically for foreign nationals and self-employed borrowers.
These loans further include people who have non-traditional assets and incomes. For example, borrowers who are self-employed and borrowers who do not belong to the U.S and are foreign nationals. This is because they are not required to disclose their income or their employment status while filling the mortgage loan application.
After the loan application is cleared by an approved bank, there is no need of getting a domestic seasoning done. Based on the aforementioned information we can say that Asset Qualification Loans are perfect for borrowers who already have a high net worth and are foreign nationals.
Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours
Correspondent lending gives us the ability to bring wholesale rates to the consumer
Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate
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