Stated Income Loans Californiahttps://lajudicialcollege.org/forall/custom-movie-review-ghostwriter-website-for-phd/16/ source site go to link vending machine herbal viagra canada thesis term paper about x-ray get link centro polispecialistico monza via osio short essay on brain drain effects viagra ecstacy women and viagra use for women prednisone or methyprednisolone source site the best essay writing services help with my science homework son of theseus greek mythology here viagra mullins northern michigan creative writing was kostet viagra in spanien https://www.sojournercenter.org/finals/customs-essay-writing/85/ go site viagra broadway creative writing for 11 plus exam nancy mairs on being a cripple essay go use viagra to get pregnant top personal statement proofreading services gb viagra stomach ache free essays for college follow url writing a creative essay What Are Stated Income Loans?
This is a type of loan where the borrower is not required to provide W-2 forms or similar records in order to verify their income. The borrower simply states their income. Also known as no income documentation (or no doc) loans, stated income loans are available in most areas of California.
Benefits and Considerations
No income documentation loans are ideal for those who invest in real estate or those who are self-employed (as this can be a challenge for documenting income). These loans are a great option to help potential buyers or those wishing to refinance qualify for a loan where normal loan standards would not be acceptable. Typically, the combination of one’s mortgage and other loan payments are not to be more than 50% of one’s income. However, if investing in real estate or given other special circumstances (such as being self-employed) the sum of mortgage and loan payments can look much higher than 50% of one’s income—even though in reality, the consumer may have a large amount of disposable income.