Asset Depletion

An asset depletion mortgage loan is a type of mortgage loan that is based on the borrower's liquid assets, rather than their income. This type of loan is typically used by borrowers who have a large amount of liquid assets, such as stocks, bonds, and savings, but have a low income or irregular income. In an asset depletion mortgage, the lender considers the value of the borrower's assets as a source of repayment for the loan. 

One advantage of an asset depletion mortgage is that it can be an option for borrowers who have a high net worth but do not have a regular income. This type of loan can also be a good option for borrowers who are retired and relying on investment income or other sources of non-wage income.