Non Qm loans (Real Estate - Apartments, Houses for Rent)

Item ID 132638907 in Category: Real Estate - Apartments, Houses for Rent

Non Qm loans
Non QM loans are a category of mortgage loans that do not meet the standards set by the Consumer Financial Protection Bureau's (CFPB) Qualified Mortgage (QM) rule. The QM rule was established to ensure that lenders issue mortgages to borrowers who have the ability to repay them, reducing the risk of defaults and foreclosures.Non-QM loans are designed for borrowers who may not meet the strict requirements of traditional QM loans but still have the ability to repay the loan. These loans are often used for unique financial situations, self-employed individuals, or those with non-traditional income sources. They cater to borrowers who may have a higher debt-to-income (DTI) ratio, lower credit scores, or other factors that don't conform to the QM standards.
Related Link: Click here to visit item owner's website (0 hit)

Target State: All States Target City : All Cities Last Update : Jul 24, 2023 2:16 AM Number of Views: 93	Item Owner : Gustancho Mortgage Contact Email: Contact Phone: (None)

Friendly reminder: Click here to read some tips.

2024-05-02 (0.488 sec)