Categories for mortgage-interest-rates

No-Doc Mortgage Loans: What Are They and How Do They Work?

May 6, 2022 by 16 Comments

Potential homebuyers who are not employed full-time or whose income is considered irregular may not have the proof of employment typically associated with a mortgage. However, these consumers do not have to abandon their dreams of becoming homeowners altogether.  Instead, they could qualify for a no-documentation mortgage, also known as a no-doc mortgage, no-income verification... View Article

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FHA vs. Conventional Loan: Understanding the Differences and Benefits

May 3, 2022 by 1 Comment

FHA loans are easier to qualify for and require a lower down payment, compared to conventional loans. This makes FHA loans more affordable for lower-income borrowers or those who want to own a home but are actively working to improve their credit. If you have a high enough credit score and a low debt-to-income ratio,... View Article

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