No Doc Mortgage Lenders

Contents Home-equity loan ( General property information) Stated income loans Doc mortgage programs Residency required) 35 For that reason, scenarios like these are perfect for what has historically been known as a "no income verification mortgage." But, how do no-doc mortgages work? A no-doc mortgage loan is one where borrowers are not required by mortgage […]

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Reverse Mortgage Foreclosure Heirs

Contents Payable repayment notice Surviving borrower moves 12 month grace Discuss reverse mortgages Top 5 Alternatives to a Reverse Mortgage. The rules about deductibility and qualified purposes are the same as for a home-equity loan (see item 2). A HELOC retains your home as an asset for you and your heirs. Nevertheless, as with a […]

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