Does Bankruptcy Affect Mortgage Lending?

January 8, 2019
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Most homeowners deciding to file Chapter 13 or Chapter 7 bankruptcy wonder how this will affect their mortgage. It is important to understand how filing bankruptcy can affect your existing mortgage or your ability to obtain home financing in the future. Most people decide to go for bank statement loans to counter the effects of […]

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How Do Non-QM Loans Help Self-Employed Individuals?

January 1, 2019
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Non QM loans refer to home loans that fail to comply with the Consumer Financial Protection Bureau’s rules on Qualified Mortgage (QM). For anyone to get home financing, they need to be employed. This requirement often shut the chances of the self-employed or those with seasoned jobs from landing a dream home. Such group of […]

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Who Needs Bank Statement Loans?

December 26, 2018
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Bank Statement Loans is a program meant mostly for the self-employed. They buy and can refinance their homes without worrying about tax returns and provision of the extensive documentation. The small business owners, freelancers, entrepreneurs, and self-employed persons are advised to get a bank statement mortgage loan at a low-rate without being stopped due to […]

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Why Lenders Want To See Your Bank Statements

December 17, 2018
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Do you manage your money responsibly? If you know the financial weaknesses that are deal breakers for lenders, you can strengthen your chances of being given a loan. Mortgage lenders are trained to spot financial mismanagement, and they carefully review your application to decide whether to approve or deny you a home loan—your transaction history […]

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Who Needs Non-QM Lending?

December 12, 2018
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Non-QM loans represent a flexible way that lending institutions offer mortgages to its customers. There exist huge opportunities for lending companies to make significant interest by exploring this market. Nonqualified lending got introduced as an alternative to strict regulations in the loan market that limited the home buyers from acquiring a mortgage loan. Qualifications and […]

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Insight about Non QM Loans

December 7, 2018
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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 […]

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Bank Statement Loan Requirements You Should Know About

November 30, 2018
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Self-employed individuals have the opportunity to finance a new home in the form of bank statement loans. With this option, they no longer need to use tax returns. What they can do is provide the lender with a proof of income. Anyone who can prove that they can repay what they owe can almost qualify […]

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7 Questions You Should Ask Yourself Before Getting A Bank Statement Loan

November 23, 2018
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Acquiring bank statement loans isn’t difficult as some financial companies don’t base their decision entirely on the credit score. They do consider the borrower’s monthly bank statements to determine if he’s capable of repaying the loan. If you’re planning to apply for bank statement loans to finance a home, find a company who can give […]

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What Are Non QM Loans And How Are They Different From Qualified Mortgages

November 9, 2018
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A number of people will specifically try to get non-qualified mortgage loans today. The differences between qualified loans and non-qualified loans are actually more complicated and extensive than they seem, at least in practice. Still, non QM loans are unmistakable. Qualified loans come with a lot of their own complicated rules. The non-qualified mortgage loans […]

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Helping clients find the right non-qm loans

October 26, 2018
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The client also has to know the requirements of this kind of credit, and they also have to realize why it is better than the QM loans in cases of inadequate finances. For a client to find the right loan that does not meet the standards set by the government, one has to consider the […]

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