Assets Archives - San Diego Purchase and Refinance Loans

by Chad Baker April 29, 2021

Asset Utilization can Open New Borrowing Opportunities

For most people, using traditional income documents, such as paystubs and tax returns, is the best (and possibly the only) way to qualify for a loan. But for others, these documents are either incomplete or simply don’t exist. Asset utilization, therefore, may…

Using Assets for a Mortgage: How to Enhance Your Borrowing Potential

by Chad Baker February 16, 2021 0Comments

For most mortgages, the income is the most important aspect of qualification and approval. The lender wants as much assurance as possible that your income reaches a certain level and that this income is likely to be maintained. Seems obvious, right? …

How COVID-19 Has Made Bank Statement Loans More Important Than Ever

by Chad Baker February 9, 2021 0Comments

With a changing work environment, bank statement loans are becoming more important than ever before. People are adjusting how they work, and these changes have made the need for flexible loan approval more common. Using bank statements instead of paystubs,…

When, Why, and How to Update Your Pre-Approval Letter

by Chad Baker January 28, 2021 0Comments

In previous years, the pre-qualification letter was all sellers needed from potential buyers. This document, which is similar but different than pre-approval, would grant you access to numerous homes, allowing you to look at properties and have your offer accepted by buyers.…

How to Qualify for a Larger Loan Using Assets

by Chad Baker September 14, 2020 0Comments

Using assets to quality for a home loan is a common strategy for retirees. If you are at the retirement stage of your life, and want to purchase a new home (and need a loan to do so), you probably don’t have…

Young couple sitting in an office talking to a woman broker or investment adviser

Mortgage Products are Returning to the Marketplace!

by Chad Baker August 26, 2020 0Comments

When the coronavirus started making its way across the United States, many industries had to change they way they do business. In the real estate industry, the massive financial uncertainty created by the national lockdown caused many lenders to slash their mortgage…

Cross Collateral Loans: Must-Know Information for Every Borrower

by Chad Baker May 8, 2020 0Comments

Cross collateral loans are used by many investors and property buyers, increasing their chances of loan approval while enhancing the terms. They come with inherent risks, but "cross collateralization" also has many benefits. They may not be for all property…

Using Assets to Qualify for a Mortgage Loan

by Chad Baker April 13, 2020 0Comments

Sometimes people have moderate or inconsistent incomes, yet need a mortgage loan that allows the purchase a world-class home. Fortunately, assets such as physical property and investment accounts can be utilized for your next purchase. How (and Why) You Can…