The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: portfolio loan consideration||Date: 5/24/2013 3:20 PM|
|Author: Dwdonhoff||Number: 72274 of 81367|
You're welcome, of course!
You say "portfolio lender". I assume you mean a mortgage bank that will loan on assets-as-income.
Correct. Specifically, a bank with mortgage programs that offer a calculation of assets that can be used to reduce your debt/income ratios (without requiring you to actually drawdown those assets for the purpose.)
Am in Wyoming and it seems choices are limited but will ask around for this criteria.
Again, you might get more traction by searching for a good mortgage broker, rather than directly shopping lenders. The experienced brokers generally have their finger on the pulse of the market of available wholesale niche lenders, and the the net/net final cost to you is generally competitive (if not less) than what you'd pay through a retail lending outlet.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|