Absolutely! Yes you can.
You can either take the entire amount of your assets and divide it by your loan term.
For example, if you have $600,000 in your bank account and you are getting a 30 year loan, you would simply divide $600,000 by 30 years which equals $20,000 and then add this amount to your annual qualifying income or $1,667 to your monthly qualifying income.
Another option is to set up a Trust that pays you monthly and so long as there is a 3-year continuance of that income, it can be applied to your qualifying income.
For example,
Let’s use the $600,000 from the example above and establish a Trust that pays you $10,000 a month.
$10,000 a month is $120,000 annually and $120,000 into $600,000 is 5.
Meaning you will have 5 years of income continuance which is more than the 3 required allowing you to add/count the $10,000 towards your monthly qualifying income.
