Non-qm loans for consumers with low credit
Non-QM loans have led to the thriving of the house mortgage business. The loans are not certainly higher risk loans. And so, loanees do not follow standards such as more reserved cash and a higher score on credit. Qualified Mortgage (QM) provides lenders protection from liability brought by borrowers. Non-QM loans are given to consumers […]
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How bankruptcy affects mortgage lending
Consequently, before you file for bankruptcy, you should first understand the possible risks and benefits that may arise and how the process can affect your mortgage lending. The following are some of the ways on how bankruptcy affects mortgage lending: Considering your mortgage before you file for bankruptcy I. Bankruptcy can help prevent […]
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How soon can borrowers get non qualified mortgage loans after a foreclosure?
Many people who may have lost their homes during the time of recession are now able to get mortgages again. This is mainly owing to the fact that they waited seven years for the black mark to be lifted from their credit record. Records show that more than 5 million American families have lost their […]
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Bank statement loans for self-employed individuals
Did you know you can now access bank statement loans as a self-employed business person? Now, it is possible to acquire bank statement loans even when tax returns say otherwise. Bank statements are used by lenders to provide a whole chunk of information about your financial status and credibility. By surrendering your 12-24 months bank […]
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