It’s great to get the best rate, but with 30 million people in this country considered “self-employed” it’s not that easy sometime to show enough income to qualify for the loan. For borrowers with incomes that are hard to prove can benefit from our “no doc” or “limited doc” programs. Many “No Doc” borrowers trade the higher rate that comes with the program for shorter term loans, higher downpayment, or other trade-offs that help them minimize the lender’s risk thus to reduce the loan rate.
BEST LOAN CHOICES:
Short-term Hybrid ARM loans, including Interest Only, negAm or “Cash Flow” option ARMS’s, HELOC’s.