Portfolio Super jumbo mortgage loan program offers unlimited cash out, allowing up to $5,000,000 with no title seasoning requirements. This program provides significant flexibility for borrowers needing large loan amounts and a lot of cash out (cash-in-hand). It ensures efficient access to funds without the usual title seasoning constraints. Cash out can be qualified for reserves and/ or added to the asset depletion.
Loan program allows non-occupant co-borrower income for debt ratio qualification on rate term refinance, cash-out refinance, or purchase for second homes, multi-units, etc. This inclusion enables better debt ratio management with true blended ratios. It offers enhanced flexibility for borrowers by considering additional income sources.
Pledged Asset Lending, also known as asset-backed lending or securities-based lending, is a type of loan where borrowers use their investment portfolio as collateral for the loan. Instead of traditional forms of collateral like real estate or vehicles, the lender holds the borrower’s securities, such as stocks, bonds, or mutual funds, as security. This type of lending can provide borrowers with access to liquidity without needing to liquidate their investments, while also potentially offering favorable interest rates and terms.
Flexible guidelines for liquid reserve requirements use Restricted Stock Units, Stock Options, Stock Grants allowed as income and the vested stock can be used as an asset. Submit Your Loan Scenario for Loan Officer Review and Contact
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