Why prospective borrowers should say yes to Non-QM Loans

May 30, 2019
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What are non-QM loans Non-Qualified loans otherwise referred to as Non-QM loans are currently proving to be the best alternative financial reprieve for many prospective borrowers. Non-QM loan’s popularity stems from the fact that they bypass the existing Consumer Financial Protection Bureau (CFPB) rules and regulations. CFPB rules and regulations are set to prohibit or […]

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Things that mortgage lenders fear seeing on bank statements

May 29, 2019
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Why lenders require bank statements One of the critical documentation that your lender might ask for during a mortgage loan application process is your bank statements. The mortgage lender uses the bank statements to assess and verify the borrower’s credit history and the ability to repay the loan on the specified period. The lender uses […]

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Mishaps to look out for when applying for a mortgage loan

May 27, 2019
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What are mortgage loans? Mortgage loans are a preferred method used by property and residential owners to secure loans to be used to raise funds to purchase or build real estate for or for any other purpose. The owner’s property or residential estate is used as collateral to secure the mortgage loan. The lender of […]

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Bank Statement Mortgage Loan Programs in 2019

April 25, 2019
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Taxable income should not stop one from getting a low-rate mortgage. It is estimated that close to 12% of the American workforce are self-employed in 2019. At times, people who fit into the self-employed class have certain issues when it comes to acquiring loans. This is due to the fact that their documentation for income […]

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Lenders that Offer Bank Statement Loans

April 16, 2019
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Essentially, Bank Statement Loans exist for the benefit of self employed persons who are unable to document their income and require assistance to qualify for a mortgage. In this case, a bank statement is used to verify income and qualify for a mortgage instead of tax returns. In other words, a bank statement loan is […]

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How Borrowers and Realtors Benefit from Non-QM Loans

April 11, 2019
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If you’re a borrower or a realtor looking for non qm loans, there are many ways you can benefit from them. Please take some time to learn about how they help you. What Is a Non-Qualified Mortgage? A non-qualified mortgage is a kind of mortgage that doesn’t meet the definition of a Qualified Mortgage. Non-qm […]

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Lenders that Offer Non-QM Loans (2019)

April 2, 2019
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Are you looking for non-qm loans for your private residence, and you’re not sure who to turn to? Consider seeking help from HomeXpress Mortgage. Read about our services below. Who is HomeXpress Mortgage Corporation? HomeXpress Mortgage Corporation is a company that specializes in non-qualified mortgage  (non-QM) loans. It was established by mortgage professionals whose goal […]

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Qualified vs. Non-QM Loans

March 28, 2019
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For anyone who has been through the mortgage process, the concept of qualifying for a traditional loan should be rather familiar. Mortgages, including non-qm loans, are regulated at both the state and federal levels and require a considerable degree of transparency and standardization. The regulations that govern traditional qualified mortgages are meant to serve roughly […]

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How The Self-Employed Can Benefit From Non QM Loans

March 21, 2019
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If you’re self-employed and want to buy a house, you will find that it’s difficult to get a loan. The underwriting guidelines for home loans don’t cater to the needs and abilities of the freelancer, business owner, or contractor. Non-Qualified Mortgages (Non QM loans) are your easiest solution to this problem. While the guidelines of […]

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Mortgage Options for the Self-Employed

March 15, 2019
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There are some who contend there has never been a time in American history where so many self-employed and entrepreneurial people have either started or are planning to start their own business. There are more than a few theories as to why this is taking place, but the practical reality of the situation is creating […]

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