Are you looking for a mortgage or a refinance, but you struggle to prove your exact income? Does this income requirement keep you from being able to qualify for a typical mortgage loan? There are programs for you and they are usually called mortgage with no income 검증업체. Here is what you need to know and how to get your mortgage.
First, you need to know that these programs are offered for specific situations. If you have been working for the same company for 2 years or longer and you get paid by a paycheck, then this loan is not for you in any way. This is a loan that is meant for those that make most of their money via cash and do not claim all of their income.
This includes tipped employees, people working as independent contractors, and business owners. These are the types of people that most likely will use the no income verification type of mortgage. They are the ones that either have trouble showing their real income because they do not claim all their tips or they show expenses that cut into what their actual income is.
Second, if you need to apply for this type of loan you better make sure you have good credit. At least a FICO score of 680 or you will stand absolutely no chance with this type of mortgage. You should expect the rate to be a bit higher since you are not proving any type of income and they are literally taking your word as your income documents. Mortgage loans with no income verification are not difficult to get if you have good credit, but if you do not have good credit you are pretty much done before you try.
Are you looking for a mortgage or a refinance, but you struggle to prove your exact income? Does this income requirement keep you from being able to qualify for a typical mortgage loan? There are programs for you and they are usually called mortgage with no income verification. Here is what you need to know and how to get your mortgage.
First, you need to know that these programs are offered for specific situations. If you have been working for the same company for 2 years or longer and you get paid by a paycheck, then this loan is not for you in any way. This is a loan that is meant for those that make most of their money via cash and do not claim all of their income.
This includes tipped employees, people working as independent contractors, and business owners. These are the types of people that most likely will use the no income verification type of mortgage. They are the ones that either have trouble showing their real income because they do not claim all their tips or they show expenses that cut into what their actual income is.
Second, if you need to apply for this type of loan you better make sure you have good credit. At least a FICO score of 680 or you will stand absolutely no chance with this type of mortgage. You should expect the rate to be a bit higher since you are not proving any type of income and they are literally taking your word as your income documents. Mortgage loans with no income verification are not difficult to get if you have good credit, but if you do not have good credit you are pretty much done before you try.