7 Terms to Understand When Taking Out a Non-QM Loan

December 13, 2019
0

As you may have found while looking for mortgage lenders in your area, some homebuyers don’t fall into the standard box for mortgage lenders. This can be for a variety of reasons, ranging from credit to income, and more. Potential homebuyers may even assume that they can’t even get a loan because they don’t know […]

Read More

Are Nonqualified Mortgages The Same as Subprime?

November 19, 2019
0

Subprime mortgages first gained popularity in the early 2000s. However, there’s a new type of mortgage loan out there building upon the success of subprimes. Non-qualified mortgages are not subprime, but they are similar as they do not conform to the typical underwriting guidelines of qualified mortgages.  Non-qualified mortgages are a confusing topic for a […]

Read More

Self-employed? You May Still Qualify for a Non-QM Loan

October 23, 2019
0

Many Americans know how difficult it is to buy a home. This is especially true if you are self-employed. Little-known fact: for most lenders to give a self-employed individual a home loan, the borrower will need to prove at least two years of self-employment.  Often, the typical mortgage loans are not designed for the self-employed, […]

Read More

Easier Bank Statement Loans Guidelines for the Self-Employed

February 27, 2019
0

Financial institutions operate under very stringent rules and regulations that keep watch of all activities and ensure financial stability. Advancing of loans has conventionally been a product of the employed with the self-employed getting subjected to lengthy process before their money is disbursed. New loan guidelines have brought solace as bank statement mortgage loans are […]

Read More

Self-Employed? Buy a Home with a Bank Statement Mortgage

February 26, 2019
0

If you are self-employed like many young people in this generation, you might be worried about getting a mortgage. Sadly, for most people who are self-employed, they are likely to miss out on obtaining a mortgage.  However, you should not give up yet on getting a good mortgage deal, especially if you have dependable income […]

Read More

Insight about Non QM Loans

December 7, 2018
0

One of the significant accomplishments in a person’s life is to own a home. If you are not financially well-off, you can use a mortgage to purchase a home. There are various types of mortgages, and in this context, we will discuss about non-QM loans. For starters, non-QM loans do not follow the rules and […]

Read More