Lenders who provide a no income-verification mortgage don’t need applicants to verify or record their income. “Stated-income” loans and “no-doc” or “alt-doc” loans are other names for these mortgages, although they all fall under the same umbrella description with just a few variances. No-income-verification mortgage loans are divided into four categories, each with its unique …
Home Buying
Eligibility for USDA Loans has been updated. The USDA loan is designed to assist low-income homeowners in purchasing a house. To achieve this purpose, the USDA requires lenders to attest that the applicant’s family income does not exceed the income limit for their area at the time of the guarantee. Said, if an applicant’s income …
Quicken loans vs Amerisave: Everything you need to know Let’s look at two well-known mortgage lenders side by side. We’ll analyze mortgage rates, customer service, the loan procedure, each lender’s features, and more in our Amerisave vs. Quicken Loans comparison. History of both mortgage lenders In 2002, Amerisave Mortgage Corporation was established. Atlanta, Georgia, is …
FHA home loans are available for various applications, including mobile homes, manufactured houses, and modular housing. What facts should you be aware of about FHA-insured mobile home loans? Mobile Home Loans Have Specific Requirements The home you buy with an FHA loan must be classifiable as real property, which means it must be taxable as …
The Complete Guide to Financing an Investment Property The basic idea of financing an Investment Property There are several motives and methods for investing in real estate. When equities fall, it may act as a hedge against market volatility, and there are other benefits to owning an investment property. Purchasing an investment property is a …