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