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Helping clients find the right non-qm loans

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 […]

Non-qm loans for consumers with low credit

Non-QM loans have led to the thriving of the house mortgage business. The loans are not certainly higher risk loans. And so, loanees do not follow standards such as more reserved cash and a higher score on credit. Qualified Mortgage (QM) provides lenders protection from liability brought by borrowers. Non-QM loans are given to consumers […]

How bankruptcy affects mortgage lending

Consequently, before you file for bankruptcy, you should first understand the possible risks and benefits that may arise and how the process can affect your mortgage lending. The following are some of the ways on how bankruptcy affects mortgage lending:   Considering your mortgage before you file for bankruptcy   I. Bankruptcy can help prevent […]

How soon can borrowers get non qualified mortgage loans after a foreclosure?

Many people who may have lost their homes during the time of recession are now able to get mortgages again. This is mainly owing to the fact that they waited seven years for the black mark to be lifted from their credit record. Records show that more than 5 million American families have lost their […]

Bank statement mortgage loans 101 for brokers

What is a mortgage A mortgage is a legal agreement or statement that is utilized by credit financiers or banks to lend money to borrowers at an interest rate in exchange of the debtor’s title for a specific property. Usually, the conveyance of the title of the debt becomes void upon payment. Who are Mortgage […]

Bank statement loans for self-employed individuals

Did you know you can now access bank statement loans as a self-employed business person? Now, it is possible to acquire bank statement loans even when tax returns say otherwise. Bank statements are used by lenders to provide a whole chunk of information about your financial status and credibility. By surrendering your 12-24 months bank […]

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