What is Asset Based Lending? Imagine a world where you have saved enough money and no longer need to rely on employment to live. Now imagine being denied for a home loan because your lender says you do not have enough income to qualify for a mortgage. Unfortunately, this happens quite often. A few lenders have recognized the disconnect and provided a solution: Asset Based Lending.
Under Asset Based Lending programs, many times the lender will not review current income. Instead, they qualify customers based on the type and amount of assets accumulated and compare to the customer’s current debt obligations. Typically, the assets must be in the form of cash or investments, but there is no history of receipt or liquidation required.
If you are fortunate enough to have assets at your disposal then there are lending programs available to explore. Most loan officers do not offer these programs because they do not have the lending resources. Due to years of experience in private lending, Nile Mortgage has created relationships with lenders nationwide who offer these and other not-so-well-known options. Do you have money? Then let us help you get more.
Contact us today to discuss the best solutions for your circumstances!