Assets as Qualifying Income

Asset Depletion, also known as Asset Utilization or Asset Amortization is the creation of an income stream from specific asset types to use as qualifying income. It is designed for borrowers with substantial and seasoned liquid funds. This income source does not meet Appendix Q standards and therefore, must be categorized Continue Reading

The Rub on Retirement Income

The Fannie Mae guidelines for retirement distributions are relatively short and straightforward. So why is there so much disagreement on calculating qualifying income? The main reason is that most borrowers have not set up a formal plan to receive regular distributions. Or, they are trying to change (increase or decrease) Continue Reading

VRB… YES or NO?

More and more borrowers are using VRBO, Airbnb, and other similar short-term rental companies to maximize their income on investment properties. The requirements for using this source of income to qualify will depend on whether the loan is Agency or Non-Agency and various other factors. For example, Fannie Mae will Continue Reading