NerdWallet | Mortgages | Andy gets smart answers




Should You Go for an Asset Based Mortgage?

Often, self-employed individuals and retirees find it difficult to make a choice when looking for a mortgage. The reason is that they don’t have an income statement to show but have some assets under their ownership. If you are one of them, you may be thinking whether you can qualify for loan.

Bank Statement Mortgage: Can You Apply for It?

For granting a home loan, mortgage providers verify the income source of the borrower. Typically, the verification is done based on the W2 tax forms. However, this can create a problem if you work as an independent professional, such as a freelancer.

Foreign National Mortgages: Things To Keep In Mind

A foreign national mortgage refers to a loan for non-us residents. Even the government can issue loans to non-residents of the States. Let’s find out more.

What Is a Hard Money Loan and How It Works?

A hard money loan refers to a type of loan. However, what makes it different from other types of loans is that it’s secured on real property. Moreover, they are considered short-term bridge or last resort loans.

How to Get a Mortgage With No Money Down?

Today, you may find it really hard to find zero down payment mortgages. Even those that you can find are available for those who have proof of income. Plus, they should have a credit score of at least 720.

You May Also Like