Freddie Mac Expands Asset Depletion Mortgage Guidelines
Have plenty of money in savings or investments, but not enough traditional monthly income to qualify for the mortgage you want? A major update from Freddie Mac could make that easier. Freddie Mac has expanded its asset depletion mortgage guidelines, allowing more borrowers to use accumulated assets as qualifying income when purchasing or refinancing a […]
Asset Depletion Mortgage: Use Assets to Qualify for a Home Loan
Asset Depletion Mortgages: How Your Assets May Help You Qualify for a Home Loan Not everyone earns income through a traditional W-2 paycheck. Some people are retired. Others own businesses or rely heavily on investments. In many cases, a large portion of their wealth may be sitting in retirement accounts, savings, brokerage accounts, or other […]