Refinance with asset depletion Non-QM — rate-and-term or cash-out on liquid assets. See Indiana equity guidelines.
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Asset Depletion Loans
Refinance With Asset Depletion
Yes — rate-and-term and cash-out refinances are commonly available on Non-QM asset depletion when your liquid assets, equity, credit, and reserves clear the investor.
If you are retired, asset-rich, or your tax returns understate cash flow, a conventional refinance can stall. Asset depletion rebuilds monthly qualifying income from brokerage, retirement (with haircuts), and cash accounts.
Rate-and-term aims to improve rate, term, or drop MI. Cash-out taps equity for liquidity, home projects, or other goals — usually at a lower max LTV.
Ryan & Steve run payoff, estimated LTV, and the depletion calc together so you know whether the refinance pencils before appraisal fees stack up.
Guidelines vary by investor, credit, and loan amount. This overview is educational — your file is reviewed against current product rules.
Same asset math — different equity and documentation expectations.
We start with payoff, estimated value, and current statements. Then we apply investor haircuts and divide-by-term math so the new payment clears DTI.
You get a clear go / no-go on rate-and-term vs. cash-out before you spend appraisal dollars.
Refinance readiness checklist
— Mortgage payoff / statement
— Liquid asset statements (all pages)
— Credit and occupancy details
— Cash-out purpose (if applicable)
Related asset depletion guides and Non-QM resources from Ryan & Steve.
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Ryan & Steve will run your equity, asset haircuts, and cash-out options against current Non-QM investors.