Breaking Down Non-QM Lending
If you are looking to buy a house but don’t have typical income or credit, you might feel like you’ll never get your own home. While you may not qualify for the standard, qualified loan, you don’t need to give up hope. Luckily, there are non-qualified mortgage loans that exist for people like you. These […]
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Alternative Mortgage Lending and Credit Easing
All homebuyers are different. Everyone is unique in that they may or may not fall into the standard bucket of individuals looking for a conventional 30-year fixed-rate mortgage. Due to factors such as credit and income, individuals may believe a home is out of reach. Non-QM loans or a non qualified mortgage loan can assist […]
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What Are Non-QM Loans Versus QM Mortgage?
Many people have the dream of one day owning a home; however, only a few people can purchase a home in cash. Therefore, nearly everybody needs to take out a loan in the form of a mortgage. It can be a challenge to convince a bank, credit union, or another lender that someone is qualified […]
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24 Month Bank Statement Loans – How to Qualify
With the ever-increasing number of freelance, gig-economy, and other non-traditional employment, it’s no wonder that some banks are moving away from only offering traditional, qualified loans. One of the newest programs for non-traditional workers is the 24-month bank statement loan. These bank statement loans take a holistic look at a worker’s income instead of relying […]
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Non-QM Loans: Getting a mortgage loan with non-traditional employment
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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Non Qualified Mortgage Rates, Lenders, Guidelines for 2019
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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How Borrowers and Realtors Benefit from Non-QM Loans
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)
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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Qualified vs. Non-QM Loans
For anyone who has been through the mortgage process, the concept of qualifying for a traditional loan should be rather familiar. Mortgages, including non-qm loans, are regulated at both the state and federal levels and require a considerable degree of transparency and standardization. The regulations that govern traditional qualified mortgages are meant to serve roughly […]
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How The Self-Employed Can Benefit From Non QM Loans
If you’re self-employed and want to buy a house, you will find that it’s difficult to get a loan. The underwriting guidelines for home loans don’t cater to the needs and abilities of the freelancer, business owner, or contractor. Non-Qualified Mortgages (Non QM loans) are your easiest solution to this problem. While the guidelines of […]
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