Asset-Based Mortgage

An asset-based mortgage produces an ‘income stream’ from your assets by depleting them over the mortgage term. It’s how you qualify for a mortgage despite not having a traditional income.

Pioneer Mortgage Funding Inc./ asset utilization

What are Asset-Based Loans & Mortgages?

An asset-based loan or asset utilization loan utilizes assets as income. Whether you are a retiree with a small limited income, a new business, or an established company that needs to sustain a high cash flow, the ease, and benefits of asset-based loans and mortgages have made them a prevalent solution for borrowers in recent years.

Click & Learn

Perfect Trading History

Long Approval Times

Last Resort

High Maintenance

Perfect Trading History

Risk Factor

I need a perfect trading history to get asset-based funding.

Solution

Flexible lenders and innovative fintech companies are making finance more accessible for those that haven’t been trading for years, or even those who might have a less-than-perfect credit history.

Long Approval Times

Risk Factor

The approval times for asset-based funding can be long.

Solution

Gone are the days of having to wait weeks to hear back from a business bank, only to find out you’re not eligible for finance. Today, technologies such as open banking are accelerating the funding application and approval processes for businesses.

Last Resort

Risk Factor

An asset-based mortgage is only a loan of last resort.

Solution

An asset-based mortgage is really just another capital markets product. It’s simply a different way of financing an investment that is more focused on asset levels than cash flow.

High Maintenance

Risk Factor

Asset-based mortgages require high maintenance or extensive reporting.

Solution

Although there is reporting involved, it isn’t nearly as extensive as it was “in the old days,” because the companies and collateral are digital.

Property Coverage

Risk Factor

You’ve lit several candles — which unintentionally start a small fire in your apartment.

Solution

Property coverage under your renters policy may help if personal property like a sofa and a bookcase are damaged by fire.

What Are The Advantages Of An Asset-Based Mortgage?

Asset-based mortgages offer distinctive benefits.

The main benefit of an asset depletion program is making use of your retirement earnings and other assets to qualify for a loan. Designed for those with substantial and verifiable assets, this program works well whether purchasing a home or refinancing. Your asset amount determines your sanctioned loan amount and mortgage payments each month.
The benefit of a residential asset-based loan is that you may be approved even though you may have only a small amount of verifiable income. Many people with fixed incomes have lots of assets in various accounts. We enable you to use your help to qualify for a mortgage even if your monthly income is set.
Providing an income stream from assets is the best advantage for those with fixed income.

Why are Asset-Based Mortgages essential?

If you have significant assets set aside, you may be a good prospect for an asset-based mortgage, using your liquid assets to qualify for a mortgage.

Rather than investing all your money in a home upfront and putting it at risk, we can help you get the mortgage required to use your liquid assets promptly. This will give them plenty of opportunity to keep compounding and grow your earnings. At the same time, you also invest in a home.

Pioneer Mortgage Funding Inc.

We bring a customized, unique approach to mortgages. Our lending solutions use the perfect hybrid of human-driven insights and technical prowess to process loans faster and significantly reduce costs.

PHONE

(813) 857-6560

E-MAIL

ppritt@pmfmortgage.com

ADDRESS

8270 Woodland Center Blvd
Tampa FL 33614

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Website Disclaimer :

Effective Date: 9/1/2021
All loan approvals are conditional, not guaranteed, and subject to lender review of all information. A loan is conditionally approved when the lender has issued an approval in writing, but until all conditions are met, a loan cannot be funded. Specified rates may not be available for all borrowers. interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Pioneer Mortgage Funding Inc. is an Equal Opportunity Mortgage Broker headquartered in Tampa, Florida. This licensee is performing acts for which a mortgage broker license is required. Pioneer Mortgage Funding Inc. is licensed by the Florida Office of Financial Regulation, NMLS# 1936558. Pioneer Mortgage Funding Inc. is approved to originate Conventional, FHA, VA, and USDA loans, and has the ability to broker such loans to Conventional, FHA, VA, and USDA approved lenders. Pioneer Mortgage Funding Inc. is not acting on behalf of or at the direction of HUD/FHA or the VA.

Asset-Based Mortgage