stated income second mortgage

Stated Income 2nd Mortgage – Westpark Loans – Stated Income 2nd Mortgage For California Homes Only You must be self-employed to be eligible for this program using personal bank statements and own at least 25% of the company to qualify. Who Would Benefit from a Stated income 2nd mortgage? stated income 2nd Mortgages are ideal for self-employed individuals and small business owners who cannot provide adequate income documentation in the.

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Easy Doc Second Mortgage Loan – Stated Income Loans – An easy doc second loan is a popular loan product we offer. This Easy Doc Second Mortgage Loan can require a bank statement or you can choose no bank statements at all. The Easy Doc Second Mortgage Loan maximum cumulative loan to value CLTV is 70% to 75%. A borrower’s fico is looked at a little but this type of loan is mostly based on equity.

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Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns.

Stated Income Second Mortgages No Income Verification Loansstated income mortgages are the most commonly used and usually the least expensive of the no documentation types of mortgages. We will help you meet 2nd mortgage lenders that understand that it is difficult for individuals who are self-employed or operate a one-person firm to verify their income.

No Documentation Second Mortgage, Stated Income, No Verification – BD Nationwide can introduce you to lending companies offering stated income mortgage refinancing, "No Doc" second mortgages for qualified borrowers with good credit scores. No Doc loans are essential for most self-employed borrowers, because it is usually a nightmare for them to document their income.

Income Documentation for Second Mortgage Loans | Stated. – Stated and No Doc 2nd Mortgages to 100% Second Mortgage Outlet offers stated income loans with fixed rates for 2nd mortgages and home refinance loans. Self-employed borrowers enjoy the reduced documentation needed with our home equity loans Quite often, our loans offer debt relief and reduced monthly payments.

#1 Stated Income Mortgage Loans Self Employed – We specialize in Self Employed Mortgage Loans including Stated Income Loans, Bank Statement Loans, Private Money Loans, Asset Depletion Loans, Portfolio Loans and many other programs. We finance both Residential and Commercial properties.

Today, you cannot take out a stated income mortgage. By law, lenders must fully document a borrower’s ability to repay loans. As a borrower, you must provide documents that prove that you have the income or the assets to repay a loan. These laws apply to all mortgages for owner-occupied housing.