no-documentation mortgages

No Documentation Mortgage Loans The housing market was on fire in the early 2000s before it eventually burnt to a crisp. This led to rampant speculation and greed as a larger group of prospective home buyers emerged.

The no doc mortgage does not exist in the same form that it had before. lender who is comfortable with alternative documentation practices.

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Tower Lending is the nation’s leading provider of no doc mortgages for real estate investors. We specialize in non traditional financing options that are tailored to meet the needs of self employed borrowers. The majority of our programs do not ask for any tax returns or other income documentation.

No Doc Loans are changing. One of the most important aspects to getting approved for a No Doc Loan is that you have enough equity in your current home and with a decent credit history, you could be approved. No Doc Loans can be used to buy a house or refinance your current mortgage.

No Verification/No Documentation Loans. Since this type of mortgage loan allows you to bypass some of the paperwork that is typically associated with home loans, these loans typically result in higher interest rates and fees. Therefore, it is important to determine whether or not the privacy is worth the extra cost.

No Ratio Loans No Ratio mortgage loans are for borrowers who do not wish to disclose their income; therefore there is no debt-to-income ratio for the lender to consider. The No Ratio borrower has good credit and abundant assets that make up for the lender not considering the borrower’s income information.

No Income, No Assets, No employment. foreign national OK. National Program – all 50 states. loan amounts: loans down to $25,000 and up to $3,000,000 all No Documentation. Quick Close: Closings average 10-15 business days from application to closing. Credit:

A no-income-verification loan is a type of mortgage that doesn't require borrowers to provide documentation of income.

Stated Income Home Mortgages and Limited Doc Refinancing. No documentation mortgage loans offers a streamlined loan options with no income verification for homeowners seeking a loan with less paperwork. Nationwide offers "No Doc" mortgage refinancing for qualified borrowers with good credit scores.