ASSET DEPLETION AND ASSET QUALIFIER

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No Income? Qualify for a Mortgage with Your Assets

Borrowers with solid credit and no steady income can qualify for mortgages using their assets. Money Financial Group’s Asset Qualifier program offers a significant advantage over asset depletion by calculating qualifying income over 60 months, effectively doubling the monthly income.

Example: Sally Johnson, semi-retired

Asset Type

Amount

% Used

Qualifying Amount

Cash & Cash Equivalents

$650,000

100%

$650,000

Stocks & Bonds

$350,000

70%

$245,000

Retirement

$500,000

50%

$250,000

                                                    Total Qualifying Amount: $1,145,000

$1,145,000 assets / 60 months = $19,083 monthly income allowance

Primary and Secondary Property Loan Options

  • Primary Residence:
    • Purchase: Up to 90% LTV
    • Rate/Term Refinances: Up to 80% LTV
    • Cash-Out Refinances: Up to 70% LTV
  • Second Homes & Investment Properties:
    • Purchase: Up to 80% LTV
    • Rate/Term Refinances: Up to 75% LTV
    • Cash-Out Refinances: Up to 70% LTV
      Borrowers must have no mortgage delinquencies within the last three years. Let our experienced Account Executives guide you through Non-QM loan solutions to help you close more deals. Contact your Money Financial Group representative today!
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Actual rates and/or terms may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, etc. Lending in some states is restricted.

Money Financial Group Corporation – A division of Kenpco Enterprises Inc
7345 W. Sand Lake Rd., Suite 202
Orlando, FL 32819

P.    689-214-6111                  E.  apply@moneyfg.com                  W.  moneyfg.com

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