Friday, June 7, 2013

What is asset based loan- asset depletion?


 This really helps high asset low income borrowers!!

Calculation – Assets less cash to close CTC  less reserves @ 60% averaged over 180 months

 Example  

Total Assets     $2,000,000 

Less CTC              -200,000

Less reserves     - 200,000

                               ========

                    Net   $1,600,000  X  60%  /  180 mos =  $5,333  additional income

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