RESTRICTIONS Reference Articles:Rental Properties
Rental properties can create problems for prospective borrowers; this is mostly because lenders have a risk-based view of income earning properties and the potential effect they can have on the borrow
http://www.brokeroutpost.com/reference/134234.htm (Updated: 08/31/2007)
Related Reference Topics: [rental, income, properties, restrictions]
Stated Income Pay Option Loans
Despite recent secondary market restrictions, there are still Stated Income Pay Option Loans available to consumers. The pay option programs come with a variety of terms and qualifications. Pay optio
http://www.brokeroutpost.com/reference/158551.htm (Updated: 08/31/2007)
Related Reference Topics: [stated income, pick a pay, deferred interest, cosi]
Mortgages for the self employed
While many self employed borrowers love the freedom of being their own boss, they cringe at the thought of taking out a loan because many banks have much tighter restrictions on self employed borrower
http://www.brokeroutpost.com/reference/33527.htm (Updated: 05/30/2007)
Related Reference Topics: [stated, 1099, w-2, deductions, depreciation]
My Community Loan Programs
Loans under the My Community Initiative offer home buyers and home owners fewer eligibility restrictions, and several loan options. These programs are often great for first time homebuyers.
http://www.brokeroutpost.com/reference/103919.htm (Updated: 04/08/2007)
Related Reference Topics: [my community programs]
What mortgage is right for me?
Which mortgage program is right for me and why? Every client is different, has different needs, different restrictions, different goals, different financial situations, etc... Therefore, every client
http://www.brokeroutpost.com/reference/41178.htm (Updated: 06/28/2006)
Related Reference Topics: [arm, fixed rate, interest only, pay option arm]