Asset based mortgage
Can I use the asset based to do my 1st investment property . This is an apartment which cost AUD 629,100. How much can I borrow ? by leonpun866 from , . Mar 27th 2018
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
More info needed.. Australian Dollars?? Are you a citizen of the US? Do you have a visa? The short answer is there are loan's available which they can use your assets as a source of income, it's called "Asset Depletion" loan.. but, it gets very complicated from there.. It's impossible to say for sure if YOU can qualify without looking at your complete loan profile.. regardless, the maximum loan to value will be 70%.. so you would need 30% down plus closing costs if you are qualified.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
Ask our community a question.
Get an answer
