Qualify For a Loan Using Your Assets
Your clients can leverage their assets – with no haircuts – using Logan’s Asset Qualification for Alt-Doc loan product. Assets such as savings, stock portfolios, and other liquid assets, are eligible at 100% as collateral.
Key features:
110% of the loan amount, plus applicable reserves required in post-closing assets
100% of account statements allowed (bank statement andbrokerage statements)
100% of stock, bonds, and mutual funds
100% of retirement accounts
Business assets are allowed (50% of the required assets can be made up of business assets)
Surrender value of life insurance and annuities
Borrower is given an income credit of total assets/60 months for the DTI calculation
Supplemental full doc income allowed