Purchase borrower has $390,000 in the bank on top of his $175,000 income.
Ratios are too high to qualify for his $704,000 priced property.
He's not 59 & 1/2 so we can't do an IRA pull to add income.
Solution is asset depletion program from portfolio lender that can justify income from the $390,000 in savings.
Loan gets funded. All is good with the world!
