Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable.
A&D Mortgage’s Asset Utilization loans allow these kinds of borrowers to use their personal assets as a means to qualify for a home mortgage.
High-net-worth individuals can use a wide range of assets and investments to qualify including stocks, CDs, bonds, mutual fund accounts, checking account balances, savings account balances, money market accounts, 401Ks and IRAs, annuities, trust funds, and hedge funds.