Marysue
 |
Call your lender and ask. They'll tell you what's needed. |
|
Barry M
|
Depending on your credit score and the LTV, Stated income plans are still available. |
|
pampurredpuss
|
I'm with Birmingham Midshires and they do a no proof of income mortgage, because I've got one.
My financial advisor sorted it for me. |
|
spook542
|
I hope not anymore.
It's that sort of thing that got Northern Rock into trouble. |
|
David G
 |
The answer is it depends on your FICO if you have a 750 FICO then yes if you have a 510 FICO then no |
|
ann
|
Who would lend you money without proof that you have the ability to pay? |
|
Tim
 |
It is going to be real tough. It was all the stated income (non verified) loans and such that got the industry into the problems they are having today.
Most mortgage companies now required verified income. |
|
godged
|
It is called a stated income loan and they are still available.
If you have a strong credit score, this should be fairly easy for you to obtain. |
|
matzael
|
At this point it really depends on the other specifics of the loan. Like what your credit score is and how much equity you have in the home. The rates will be higher without documented income, but the programs are still out there. Even though they're a bit limited right now.
Yes maintenance payments are verifiable income. In most cases they want them to continue for 3 years minimum to count them as income. |
|
Fabio G
|
of course I can that is what Mortgage brokers do get you the loan yopu need at theterms you need them at its not hard its not impossible and its not expensive. Marotgage brokers that work with 65 banks or more like we do have many option available for borrowers like you
send me an e mail and i will call you to let you know what is available
fabios@bellsouth.net if nothing is available ( and I doubt it) then you lost nothing (PS) The feds lowerdsd interest rates last week and I have 2 banks that sent out now terms for STATED income loans as you request..... IMMEDIATELY and if you have some positive information on your home and credit we can even lower your payments and get you cash out |
|
MIREYA - SUPER WOMAN!
 |
IT ALL DEPENDS IF YOU ARE REFINANCING OR PURCHASING, YOUR FICO SCORE, YOUR ASSETS, LENGTH OF EMPLOYMENT, ETC... I KNOW FOR A FACT THAT SOME LENDERS ARE STILL GOING STATED WITHOUT HAVING TO PROVE INCOME. |
|
Shawna Marie
 |
Well, obviously you get the picture that stated income loans are still available, what I hope however is that you or your broker is not planning on INFLATING your income to make you qualify. If you have to inflate it, then you CANNOT AFFORD IT!! You have to have good credit. If you have excellent credit, and you are refinancing with no cash out, then there are programs available with no income verification (just employment verification) and there is NO HIT to the rate for such program.
If you have any other questions, or you would like me to elaborate, feel free to e-mail me. |
|
loubycee
|
Answer their questions honestly.
They can only provide you with the results based upon your answers when you first meet with them, then they will tailor your needs without a payslip.
You'll have a credit check anyway so if you're answers aren't honest, in time you will pay the odds for it.
We used a broker, they found an okay quote with high interest, but our bank actually found us a quote of the same but we weren't paying quite so much interest.
So shop around yourself if you can too, letting your broker know who you've been in touch with.
x |
|
sam g
|
Yes, no problems.
i know plenty that will do it for you. Even if you need a slightly bigger Mortgage than you can normally get.... slip them a few notes, and it'll be done for you. At a good lender as well... not a dodgy one like Northern Rock !!!! |
|
John S
|
No need for Long Speed.
SELF CERTIFICATION Mortgage.
You self certify your income...that's it.
A bit more expensive than a regular mortgage but do the trick
http://www.financecomparator.co.uk/selfcertification.html |
|
Alterfemego
|
No mortgage brokers are now working under different requirements, and proof of income is a biggy! And yes you can count maintenance payments if they are consistant, and why wouldn't you? |
|
leonard s
|
probably not anymore, it's called a stated income loan which most banks no longer do(non prime loans) |
|
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
