Non- Qm mortgages |Gustancho | |
Non-QM loans, on the other hand, are designed for borrowers who may need to meet the strict QM requirements. These loans often have higher interest rates, require larger down payments, and may have other terms that make them riskier for both the borrower and the lender. Non-QM loans are typically used by borrowers with unique financial circumstances, such as self-employed individuals, those with high net worth, or those with non-traditional income sources. These borrowers may have difficulty qualifying for a traditional mortgage. However, they may still be able to secure a non-QM loan based on other factors, such as their credit score, cash reserves, or overall financial history. | |
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Target State: All States Target City : All Cities Last Update : May 02, 2023 2:49 AM Number of Views: 88 | Item Owner : Gustancho Mortgage Contact Email: Contact Phone: (None) |
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