Not Your Ordinary Assets
In this sequel to Liquid Assets, this course will help you understand less common assets that can be used to obtain funds for closing and identify options available to borrowers to maximize their situation.
Not Your Ordinary Assets: Introduction
Module 1 of 7
Become familiar with some common—and not-so-common—asset types that may support a borrower in closing a mortgage.
Not Your Ordinary Assets: Sale vs. Loan of an Asset
Not Your Ordinary Assets: Loan on an Asset Examples
Module 2B of 7
Let us provide a few examples of how a borrower can obtain a loan on an asset.
Not Your Ordinary Assets: Retirement Funds as an Asset
Module 3 of 7
Explore which types of accounts can be used as assets for retirement funds, how the funds can be used, the documentation required and more.
Not Your Ordinary Assets: Life Insurance as an Asset
Module 4 of 7
Become familiar with which types of life insurance policies a borrower can use in a mortgage transaction.
Not Your Ordinary Assets: Bridge Loan
Module 5 of 7
Understand the basics of a bridge loan and the criteria that must be met when utilizing this type of asset.
Not Your Ordinary Assets: Less Common Assets
Module 6 of 7
Explore less common assets including tax refunds and lease to purchase.
Not Your Ordinary Assets: Check Your Answers
Module 7 of 7
Now that you’ve completed this course, verify your answers.