Question About Asset-Based Mortgages

Hi everyone,

I’m exploring asset-based mortgages and have a few questions. How do these differ from traditional Asset Based Mortgages? Specifically, I’m curious about the qualification process and what types of assets are typically considered.

Also, are interest rates and terms generally more favorable compared to income-based loans? Lastly, what are the potential risks and benefits of choosing an asset-based mortgage over other types? Any insights or experiences you can share would be greatly appreciated!

Thanks in advance for your help!
 
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