This week’s strategy is all about a powerful solution for your higher-net-worth clients who may not show enough income on paper to qualify. It’s called Asset Depletion, and it allows us to use a client’s assets as income.
Here are the key takeaways:
✅ Flexible asset use: Both retirement and non-retirement accounts qualify.
✅ No retirement age required: Clients don’t need to be retired to use this program.
✅ Simple calculation:
100% of non-retirement assets + 50% of retirement assets
Subtract down payment funds
Divide by 60 = usable monthly income
✅ Best for good credit clients with 20–25% down who need more qualifying power.
Great candidates include:
- Business owners who recently sold a company
- Retirees with large nest eggs but reduced income
- Buyers with good income who still need supplemental qualifying
This program is more aggressive and flexible than standard conventional guidelines, making it a great tool to keep more deals alive.
📲 If you have a client who might benefit, call me at 480-553-8770 or just reply to this email.
—
Kevin Brierton - #Yournoexcuselender
P.S. Even if your client doesn’t fit the “traditional income” box, this program could get their offer across the finish line. Let’s partner up to make sure they don’t miss out!
Kevin Brierton
Branch Manager - Certified mortgage planning specialist - CLA
NMLS #599873
Scottsdale, AZ
CONNECT WITH ME
kevin@kevinbrierton.com
www.kevinbrierton.com
https://www.facebook.com/TheBriertonTeam
ABOUT KEVIN BRIERTON
I have been in mortgage banking since 2004. During this time, I have successfully helped more than 1,650 families with more than $500 Million in residential mortgages, placing me consistently among the top in the industry. I spend the 1st Friday of every month studying all of our products, guidelines, & lending criteria.
In addition, I work closely with our underwriting & secondary markets to fully understand all our mortgage products to ensure I am able to empower more families to gain homeownership. Our team of fully trained mortgage specialists has the attitude of “how can we make this loan work” rather than just assuming it won’t. Other Lenders find problems, we find solutions, and we are excited to find a solution for you & your Family!
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