Acceptable Forms of Income Documentation
Many people want to know what forms of income documentation are acceptable to a lender for obtaining a mortgage? There are many forms of income documentation that can be acceptable to use for obtainin
http://www.brokeroutpost.com/reference/156243.htm (Updated: 08/31/2007)
Related Reference Topics: [w2, 1040, stated, no doc, bank statements]

What is needed to start the loan process
When meeting with your loan officer to start the mortgage process you will be required to complete a mortgage application, along with providing supporting documentation that can include pay stubs, w-s
http://www.brokeroutpost.com/reference/41784.htm (Updated: 06/22/2007)
Related Reference Topics: [loan process, documents, paperwork]

Time from application to closing
You the consumer have the most control over how long the process takes...The better prepared you are before initiating an application by rounding up documents such as paystubs, tax returns, bankruptcy
http://www.brokeroutpost.com/reference/64237.htm (Updated: 05/23/2007)
Related Reference Topics: [time, closing, application, appraisal]

What is Alternative Documentation
Alternative Documentation is xpedited and simpler documentation requirements designed to speed up the loan approval process. Instead of verifying employment with the applicant's employer and bank dep
http://www.brokeroutpost.com/reference/17636.htm (Updated: 05/23/2007)

No Doc Loans
A No-Doc loan allows the borrower to apply for a loan and not have to state their income, employment, assets or even submit bank statements. This type of loan is often time appealing to Self-employed,
http://www.brokeroutpost.com/reference/14417.htm (Updated: 05/16/2007)

NINA Loan
A NINA (short for No Income, No Asset) loan is where the borrower does not have to disclose income or bank statements on the application.
http://www.brokeroutpost.com/reference/59076.htm (Updated: 02/22/2007)

How low on the Credit Score do Lenders go 80/20?
Full Documentation = 2 Years Employment as W2 Employee or 12 months Bank Statements show suffient deposits if your 1099. Lenders will traditionally go to a FICO score of 580. Exceptions are to 560 but
http://www.brokeroutpost.com/reference/24511.htm (Updated: 10/09/2006)
Related Reference Topics: [full doc, employment, 80/20, 100%, 560, 580]

Low Documentation Mortgage
Low Doc loans are loans that require less income documentations. There are basically three types of Low-Doc mortgages, Stated Income loans, bank statements as incomes, and No Ratio loans. Stated In
http://www.brokeroutpost.com/reference/30777.htm (Updated: 08/09/2006)

Preparing for your First Home / Mortgage
There are some basic financial things you can do to get prepared for buying your first home. This will make it easier for you and your mortgage broker. Start to collect and organize documentation:
http://www.brokeroutpost.com/reference/14277.htm (Updated: 03/06/2006)

The Lending Process
The Lending process starts with interest from the borrower in either buying a home or refinancing. When thinking about buying a home many people start to look for houses first. The first step should
http://www.brokeroutpost.com/reference/13642.htm (Updated: 02/19/2006)