If you have to apply for a subprime home loan do not think that you are a “bad risk” or that you are doomed to pay crazy high-interest rates. After the housing crisis and economy downfall, many people have found themselves in need of alternative financing options. Not as many people qualify for the conforming […]
How to Prepare for a Subprime Loan
The term subprime loan seems to be a phrase of the past, but it is slowly making its way back into the forefront of the mortgage industry today. The main difference is that you might not hear the word subprime; what you might hear instead is alternative documentation loan. It is the same thing essentially […]
How to get Around Standard Income Verification
The Dodd-Frank Act has made it virtually impossible to obtain a mortgage loan without qualifying your income via standard means – such as W-2s, income tax returns, and pay stubs. But, there are ways to get around it and still obtain a mortgage for your primary residence. It’s true that the new regulations definitely make […]