In regards to a home mortgage, anĀ asset is anything that you own that has a cash value. Some examples of assets include:

  • Checking and savings accounts
  • 401(k) and IRA accounts
  • Certificates of deposit (CDs)
  • Stocks
  • Bonds
  • Mutual funds

When you apply for a mortgage, your lender will want to verify your assets. This is to ensure that you have enough money in savings and investments to cover your mortgage if you run into a financial emergency. Depreciating assets, like automobiles are considered assets, but aren’t ideal for this list.