Non-QM Loans: Getting a mortgage loan with non-traditional employment

July 15, 2019
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Freelance and non-traditional employment is becoming more prevalent in today’s world. An estimated 50 million people throughout the U.S. are turning to non-traditional work, whether it’s starting their own businesses, freelancing, or being part of the gig economy (with companies like Uber, Airbnb, etc.). While the freedom to pursue freelance work is wonderful, there can […]

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How a Bank Statement Mortgage Works

July 12, 2019
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If you have income that is difficult to document or take advantage of many tax write-offs, you might find it challenging to qualify for a traditional home loan. Regulatory measures from the Consumer Financial Protection Bureau can make it more difficult to qualify for a mortgage without a standard W2. Luckily, there is a newer […]

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Non Qualified Mortgage Rates, Lenders, Guidelines for 2019

July 8, 2019
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There are a variety of reasons that some potential homebuyers feel they may not qualify for a standard mortgage: credit scores, employment status, and/or income, to name a few. This can lead these homebuyers to believe that a new home will never be in their future. The good news is that these homebuyers shouldn’t give […]

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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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