Full Documentation Morgage Explained - What is a Full Doc Loan?
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This type of loan offers the lowest interest rates for all types of borrowers. If you are able to use a full documentation morgage program to get a loan then you can still get excellent terms even if your credit history is not that great or even if you have a high loan to value. For example, someone with a credit score of 580 and an LTV of 95% can get essentially the same rate as someone with a 660 score and an LTV of 80%.
If you would like a quote for a Full Doc program simply call us toll free or fill out our online application. Thanks for giving us the opportunity to assist you with your lending considerations!
Return to the morgage home page. These guys buy and sell morgage terms debts and place them into million dollar Debt Settlement Net Branch packages which sell on Wall Street, much like the seondary mortgage market.
"To say that I appreciate you and your company's help would be a huge understatement..."
Full Documentation Morgage Information
This is the standard method of documentation used to qualify a prospective borrower for a loan. It requires that both income and assets are verified by supporting documentation. For income it is typically required that you provide recent W-2's and recent pay-stubs disclosing Year to Date earnings. Your assets must also be verified by recent statements. Typically this involves providing recent bank statements plus evidence of liquid assets such as a 401K, IRA, etc. Furthermore, your employment will be verified.This type of loan offers the lowest interest rates for all types of borrowers. If you are able to use a full documentation morgage program to get a loan then you can still get excellent terms even if your credit history is not that great or even if you have a high loan to value. For example, someone with a credit score of 580 and an LTV of 95% can get essentially the same rate as someone with a 660 score and an LTV of 80%.
If you would like a quote for a Full Doc program simply call us toll free or fill out our online application. Thanks for giving us the opportunity to assist you with your lending considerations!
Return to the morgage home page. These guys buy and sell morgage terms debts and place them into million dollar Debt Settlement Net Branch packages which sell on Wall Street, much like the seondary mortgage market.