It’s a common misconception to think that the interest rates on stated asset loans are unaffordable. This came about even before the housing crisis. Any lender that was willing to stick their neck out for a “risky” loan was known to charge high interest rates. Then the housing crisis occurred and the regulations were […]
Stated Income Mortgages – Are They Still Available?
Stated Income Mortgages – Are They Still Available? Stated income mortgages quickly became a thing of the past after the Housing Crisis of 2008. Lenders were no longer accepting the “smoke and mirrors” type lending where borrowers said they made a certain amount of money, when in reality they did not and could not afford […]