Bank Statement Mortgages Ready to Serve the Under-Banked Self-Employed Borrower
What is a bank statement mortgage? Bank statement loans are non-qualified mortgages (non-QM), meaning that instead of relying on pay stubs, tax returns or W-2s to show proof of income, buyers can use other documentation to demonstrate their ability to repay the loan. In lieu of the traditional income-reporting documents required for qualified and/or other […]
Mortgage options for landlords
Owning a rental property is one way to build wealth or generate a stream of passive income. Financing for a rental property does not have to be constrained by the borrower’s income or other debt.
Who should get a Lite Doc loan?
For brokers, knowing the best alt doc loan, stated income loan and no document loan options is the way to help more qualified borrowers remove obstacles to buying a home or investment property.