Posts tagged: Mortgage Loans

What Is A No Doc Or Low Doc Home Loan?

What Is A No Doc Or Low Doc Home Loan?
A “Lo Doc” or sometimes call “Lo Doc Home loan” are mortgage or home loans where documentation for verification of your income is not required. However, all other documentation is.
These loans are ideally suited to self-employed, independent contractors, investors, credit rating impaired, ex-bankrupt or clients [...]

Saturday January 15th, 2011 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Current Status of Jumbo Loans

Are you thinking about purchasing a house that costs more than 400,000? Unless you are planning to make a significant cash down payment on your new home, it is likely that you will need to apply for a jumbo loan. A jumbo loan is simply a home loan for property in the continental United States [...]

Saturday September 18th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Subprime Mortgage Lenders – Sub-Prime Loans Now Available Through Traditional

Subprime Mortgage Lenders – Sub-Prime Loans Now Available Through Traditional Lenders
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms [...]

Saturday July 10th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Stated Income Second Mortgages: Understanding No Income Verification Loans

What is a stated income second mortgage? A stated income second mortgage is one that does not require the borrower to prove income stated on the application. This is most advantageous to self employed and contract workers who receive a 1099 instead of a W-2 as they would have a difficult time proving their income. [...]

Saturday June 19th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »