Journal

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....

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...