Emilie Broughton Real Estate Blog

Alternatives to a Traditional Mortgage

If a traditional mortgage isn’t on the table because you are self-employed, or don’t
want a traditional mortgage at current rates, there are other ways to pay for a home
when a traditional mortgage isn’t a good fit.

 Collateralize your investment portfolio. These loans, known as investment
credit lines, asset-based loans or margin loans allow you to borrow against
securities you already hold in your brokerage account. There are no
application fees, closing costs and your credit score isn’t considered. It is
strictly based on your assets. This is beneficial for buyers who don’t want to
sell their assets to avoid paying capital-gains taxes, are self-employed or
want to avoid a bridge-loan while selling their current house.

 If you own other property, consider a cross-collateral loan. By taking a loan
on multiple properties, the lender can mortgage both properties to secure
the loan, and private mortgage insurance is not required.

 Another alternative financing option is to liquidate assets. This would allow
you to pay cash and close quickly. This can be a taxable event—you’ll have to
pay income tax on money you withdraw from a 401(k),

This entry was posted in Blog, Real Estate.
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About Emilie

A transplant from the Pacific Northwest, Emilie has first-hand knowledge of the ins-and-outs of first-time home ownership and remodeling. She has become involved in the local art community and all the diversity Southern California has to offer and more recently has expanded her knowledge to include New Mexico.

Emilie’s passion to be involved in her community led her to become a licensed Realtor and Broker.  She continues to educate herself on different aspects of real estate to support clients with a variety of needs.  She is certified as a Military Relocation Professional (MRP) to work with U.S. Service families and veterans to find affordable housing solutions.

Having worked for both a small boutique firm and a company with a global presence, in 2023 she formed Emilie Broughton Real Estate to work with buyers, sellers, landlords, and tenants in California and New Mexico.

Splitting her time between the Land of Enchantment and the Golden State, Emilie focuses on Los Angeles County and the Greater Albuquerque metro area, helping her clients achieve their real estate goals in both Mountain and Pacific Time Zones.

Emilie represented her region as a California Real Estate State Director for three years.  She has served as President of the Pasadena Foothills Association of Realtors and is a multi-year recipient of the Five-Star Real Estate Professionals Award for the outstanding service she provides to her clients.

Emilie Broughton Broker I Owner DRE#01880930
RBFB, Inc. DBA Emilie Broughton Real Estate, California DRE #02222069
New Mexico QB License Number REC-2022-0478