Foundations on Demand

Not Your Ordinary Assets

In this sequel to Liquid Assets, this course will help you understand less common assets that can be used to obtain funds for closing and identify options available to borrowers to maximize their situation.

Introduction 

Sale vs. Loan of an Asset 

Loan on an Asset Examples 

Retirement Funds as an Asset

Life Insurance as an Asset 

Bridge Loan 

Less Common Assets

Become familiar with some common—and not-so-common asset types that may support a borrower in closing a mortgage.

There is no video for this lesson. Complete the corresponding section of the workbook and continue.

 

Learn what’s involved when selling an asset vs. obtaining a loan on one.
Let us provide a few examples of how a borrower can obtain a loan on an asset.
Explore which types of accounts can be used as assets for retirement funds, how the funds can be used, the documentation required and more.
Become familiar with which types of life insurance policies a borrower can use in a mortgage transaction.

Understand the basics of a bridge loan and the criteria that must be met when utilizing this type of asset.

There is no video for this lesson. Complete the corresponding section of the workbook and continue.

 

Explore less common assets including tax refunds and lease to purchase.

There is no video for this lesson. Complete the corresponding section of the workbook and continue.

 

7 Training Lessons

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