Loan

Bank Statement mortgage

Bank statement loans are used to be called “stated income loans”. In the early 2000s, a borrower could often just state their income with no verification of any kind and get a loan.  Today’s “stated income loans” are different from the past. New stated income loans are often referred to as “bank statement loans”, “alt doc …

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What is a Non-QM loan?

Non-QM

When we talk about Non-QM loans, a lot of people have a bad impression of this type of loan. They think these are not a safe way to get a loan, due to the Great Recession Housing meltdown (December 2007 to June 2009) that leads the public to have a misconception about Non-QM loans. In …

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