Did you know that Freddie Mac will allow borrowers to use their assets for the repayment of their monthly mortgage obligation, even if the borrower qualifies for the mortgage solely based on assets vs. employment?
Related Article Title: Freddie Mac – Using Liquid Assets as Income: I have a client with $3.4 million in liquid assets. Will Freddie allow depletion of assets as income? Answer: I wouldn’t specifically call it ‘asset depletion’ since the agencies do not use those terms. Review the sections below that most closely resemble your client’s […]