Stated Refinance Program
Stated documentation programs allow borrowers who have difficulty documenting their true income and or assets with the option to literally state their income or assets to qualify for their refinance.
http://www.brokeroutpost.com/reference/97307.htm (Updated: 09/04/2007)
Related Reference Topics: [stated income, refinance]

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]

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]

Refinancing when self-employed
Can I refinance if I am self-employed? What are the qualifications that I must meet? How long do I need to be self-employed? These are just a few of the questions that many self-employed people ask wh
http://www.brokeroutpost.com/reference/87006.htm (Updated: 07/09/2007)
Related Reference Topics: [self-employed, stated, refi, qualifications]

SISA Loan
A SISA (stated income, stated assets) is a loan program were the borrower(s) state on the application what their income and assets are, but the lender does not ask for documentation for the amount sta
http://www.brokeroutpost.com/reference/14170.htm (Updated: 06/24/2007)

Home Interest Rate
Home interest rates vary from borrower to borrower. Even with the same types of mortgage loans, what rate one person qualifies for does not mean that is what rate another person will qualify for. Home
http://www.brokeroutpost.com/reference/128467.htm (Updated: 06/03/2007)
Related Reference Topics: [mortgage rates, interest rates, best rates]

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]

What Is A Verification Of Employment?
When you are applying for a mortgage, the lender will want to verify that you are employed where you say you are, for as long as you stated, and that you make what you claim.
http://www.brokeroutpost.com/reference/57099.htm (Updated: 05/30/2007)
Related Reference Topics: [voe, verbal, written]

Stating your income and assets
Some mortgage programs allow you to "state" your income. For instance, if you are a small business owner, and your tax returns don't show all the income you receive, you can "state" your income to th
http://www.brokeroutpost.com/reference/67666.htm (Updated: 05/29/2007)
Related Reference Topics: [sisa, nina, siva]

Prequalify mortgage
With a mortgage pre-qualification, the borrower typically has not stated their social security number, so it is not possible to check credit.
http://www.brokeroutpost.com/reference/128838.htm (Updated: 05/29/2007)
Related Reference Topics: [prequalification, prequal a mortgage, ]

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, ]

Stated Income Loan
Stated income loan programs are offered on fixed rate mortgages, adjustable rate mortgages, or on negative amortization mortgages. They do not require income verification.
http://www.brokeroutpost.com/reference/11090.htm (Updated: 05/26/2007)

Can I get a loan if I'm self employed?
There are many programs available to people who are self-employed. If your credit score is good enough, the lender won't need to verify your income at all.
http://www.brokeroutpost.com/reference/58486.htm (Updated: 05/23/2007)
Related Reference Topics: [self employed, stated income]

Why Would I Want a Stated Income Loan?
My loan officer says we are doing a stated income loan. Why don't they want to see my tax returns or pay stubs?
http://www.brokeroutpost.com/reference/38878.htm (Updated: 05/22/2007)
Related Reference Topics: [stated income, income documentation]

zero down home loans
In there are many opportunities to buy a home with little or no money down. There are 80 20 loans, 100% financing with and without Private Mortgage Insurance, stated income 100% loans, 100% loans for
http://www.brokeroutpost.com/reference/29740.htm (Updated: 05/22/2007)
Related Reference Topics: [no money down, 100 percent financing]

Will Stated Income Work for You?
A stated-income loan qualifies a borrower using the income the borrower states on the application form - as opposed to the income the borrower can document. With a stated income loan, the lender agree
http://www.brokeroutpost.com/reference/20129.htm (Updated: 05/17/2007)

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)

California Mortgage Loans ( CA Mortgage )
There are many mortgage loan programs available in the state of California. Some of the more common loan programs available for refinance or purchase are: - 100% Financing - 80 20 No MI - 115% C
http://www.brokeroutpost.com/reference/71683.htm (Updated: 05/14/2007)

Can wage earners get stated income loans?
Stated income loans used to be for the self employed or hard to prove income. That is not the case anymore.
http://www.brokeroutpost.com/reference/39101.htm (Updated: 04/13/2007)

New York Mortgage Loans ( NY Mortgage )
There are many mortgage loan programs available in the state of New York. Some of the more common loan programs available for refinance or purchase are: - 100% Financing - 80 20 No MI - 115% Cas
http://www.brokeroutpost.com/reference/71695.htm (Updated: 04/13/2007)

Save My Home
Saving your home from foreclosure can be a difficult process if you don't get the right kind of help. Borrowers who work together specialist whose focus is helping people refinance out of foreclosure
http://www.brokeroutpost.com/reference/103312.htm (Updated: 04/12/2007)
Related Reference Topics: [foreclosure, refinance, below 500, nod, ltv]

A Simple Guide To Stated Income Financing
If you are self-employed, you probably already know that applying for a home mortgage can be a nightmare. The problem? Proving your income.
http://www.brokeroutpost.com/reference/95377.htm (Updated: 02/26/2007)

Why should I take a stated income loan?
Stated income loans have both pro's and cons. It's important you speak with a mortgage professional to decide which way you should qualify. There are plenty of advantages to taking a stated income l
http://www.brokeroutpost.com/reference/57129.htm (Updated: 09/18/2006)
Related Reference Topics: [stated income, loan, program type, no doc]

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)

No Doc Mortgage
A No Doc Mortgage requires no employment, income, or assets to be stated on your loan application.
http://www.brokeroutpost.com/reference/39940.htm (Updated: 06/16/2006)
Related Reference Topics: [no doc, nina]

Stated Income Mortgage Loans
A stated income mortgage loan is a great mortgage tool for people who cannot verify all of the income that they earn.
http://www.brokeroutpost.com/reference/27371.htm (Updated: 04/22/2006)
Related Reference Topics: [stated, income, mortgage, loan]

Late Charge
The penalty a borrower must pay when a payment is made a stated number of days. On a first trust deed or mortgage, this is usually fifteen days.
http://www.brokeroutpost.com/reference/11658.htm (Updated: 04/20/2006)

No Ratio Loans
No Ratio loans do not require income to be stated on the application nor is it verified. The No Ratio loan does not take into consideration your debt-to-income ratios. This type of loan is perfect f
http://www.brokeroutpost.com/reference/13308.htm (Updated: 03/28/2006)