Catch this sequel to Liquid Assets for an introduction into less common assets that can be used in a mortgage transaction.
In this session you will learn:
- To evaluate the less common asset that may be used in the mortgage transactions: tax refunds, real estate commissions, life insurance payments, bridge loans, and loans against life insurance or retirement funds.
- Lease-to-Purchase escrow accounts are also discussed
- Industry and GSE requirements for document requirements for each asset type with a focus on red flags
- To differentiate between documentation and qualification requirements for borrowers selling an asset or taking a loan against an asset