With an asset-backed mortgage, the borrower may put collateral in the form of assets, up against the principal of the amount to be financed.
Many people have various reasons they do not qualify for traditional financing, retired individuals, self-employed, and many other people fall into this unconventional financing category, and when you fall into this category, you may have difficulty securing a mortgage for a new home.
There can be considerable advantages to obtaining an asset-backed mortgage versus the other possible solution, selling the assets and using the capital to purchase the home.
A wide array of assets may be accepted as collateral, so you have a selection of options when it comes time to choose what assets you will use as collateral. This is another great feature of Easy Stock Loans, having gone through this process with countless clients already.
Easy Stock Loans understands what vital and important a decision you are making when choosing how to finance the purchase of a new home. Easy Stock Loans uses years of industry experience to provide you the personalized mortgage option you need.
Contact Easy Stock Loans today to see how we can make the process of acquiring your new home easier than you had ever thought possible.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. Easy Stock Loans is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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