Best Rate Refi
To get the best rate refi, one must have a full documentation of income, full documentation of assets, impeccable credit, and a low loan to value. For everybody else, it is most important to get the
http://www.brokeroutpost.com/reference/153626.htm (Updated: 08/31/2007)
Related Reference Topics: [refi, best rate, ]

Full Documentation
Full Documentation refers to the amount of Documentation you will present and be able to verify, to qualify you for a Home Loan. With Full Documentation, also known as "Full Doc" you will need to be
http://www.brokeroutpost.com/reference/133117.htm (Updated: 07/19/2007)
Related Reference Topics: [full doc, full documentation loan, documentation t]

What will a lender accept as proof of Income?
Many borrowers today earn income in many different ways. When applying for a mortgage they have a hard time proving their income in traditional ways with pay stub and W2's. Lenders have recognized thi
http://www.brokeroutpost.com/reference/48617.htm (Updated: 06/28/2007)
Related Reference Topics: [full doc, income documents]

Reduced Documention Loans
There are many programs available that are for people who may not qualify for the standard full documentation required by many different lenders. Some of reduced documentation loans compensate for the
http://www.brokeroutpost.com/reference/23618.htm (Updated: 05/26/2007)
Related Reference Topics: [stated, no doc, no verification, no employment, ]

Documentation requirements for Mortgages
Full Documentation: Both income and assets are disclosed and verified, and the income is used in determining the applicants ability to repay the mortgage. Stated Income - Verified Assets: Income is di
http://www.brokeroutpost.com/reference/19328.htm (Updated: 05/16/2007)

"Banks Compete" Model of rate Shopping
I am sure lots of you know about this model of business. You go online fill out a form with your personal and loan information and Voila, in minutes you have 4 professionals who will quote you their b
http://www.brokeroutpost.com/reference/78130.htm (Updated: 12/30/2006)
Related Reference Topics: [online rate shopping]

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]