Updated: Jun 3, 2022
Working with an Asset Based Lender gives Brokers more mortgage options to offer borrowers, enabling them to offer all real estate investors a loan option to suit their unique circumstances.
Since Asset Based lenders base loan qualification on the value or potential value of a property, real estate investors who may have trouble qualifying for a traditional mortgage are ideal candidates for an Asset Based Loan!
What is an Asset Based Lender?
A Traditional Mortgage lender relies on proof of employment, tax documentation, and credit score. An Asset Based lender bases loan approval on the value or potential for value of a property, making this ideal for real estate investors who might be self-employed, have poor credit, or other circumstances which make traditional mortgage approval difficult. Approval is based on the Loan-to-Value Ratio (LTV), which compares the loan amount to the value of the property.
Why Should You Work with an Asset Based Lender?
As a broker, working with an Asset Based lender enables you to provide more types of borrowers with loans that fit their unique situations. Rather than simply assisting those real estate investors who are eligible for a traditional mortgage, you can also help investors who are interested in purchasing property that cannot be approved for a traditional loan. Not only does working with an Asset Based lender widen your client base, but also improves their satisfaction because they know you can help them get approved for a loan, no matter their situation.
How Can I Get Started Working with an Asset Based Lender Today?
Getting in touch with Stratton Equities to discuss working together to provide loan options is a fast and easy process! We are excited to speak with you and discuss mutually beneficial options.
Contact Stratton Equities to figure out the best working relationship for you and your business! One of our top loan officers will be in contact with you within 24 hours!
If you have an investment property and wish to speak with one of our Loan Officers, call Stratton Equities at 800-962-6613, email us at firstname.lastname@example.org, or apply for loan pre-qualification today!