Sentences with phrase «reduced documentation loans»

These reduced documentation loans (so - called «low - doc,» «no - doc,» or «stated income loans») are common among self - employed people who say they earn a certain amount of money but whose income tax returns show that their earnings are much lower.

If you are looking for a home equity or refinance loan that respects your privacy, then the My Loan Quote reduced documentation loan program is probably a good fit for your financing needs.

Not exact matches

While credit scores of borrowers are generally better than subprime, certain attributes are similar, such as the inclusion of stated income loans, reduced - documentation loans and second - lien mortgages, creating a layering of risks similar to subprime securities.

What else could one possibly expect as we reduce the number of no documentation and low documentation loan applications and increasingly hold loan originators responsible for the loans they underwrite?

Promptly following - up on any additional requests for documentation will help to reduce the processing time of a person's application and offers the best chances for receiving the full loan forgiveness amount.

Choose from incentives like no cost loans, reduced documentation mortgages, cash out equity loans, debt consolidation and home refinancing.

Stop wondering if you qualify for a no verification loan and talk directly with mortgage companies that still offer secured loans with reduced documentation.

About 33 percent of adjustable - rate loans in the Alt - A sector were originated with reduced documentation and a combined loan to value (CLTV) ratio of greater than 95 percent last year.

There's a Public Service Employee Forgiveness Program I could be taking advantage of, but I'm afraid I may have already screwed myself out of that one (It requires documentation of your employment, and ten years of on - time loan payments, of which I haven't documented, have greatly reduced with my lump sum payments, and would be paid off by the time the 120 payments are made).

Call My Loan Quote for more information and further details regarding underwriting guidelines on no income home loans and reduce documentation mortgages.