PCMA Private Client Lending and Sprout Mortgage as well as the top 4. Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer). A Non-Qualified Mortgage (Non-QM) is any home loan that doesnt comply with the Consumer Financial Protection Bureaus existing rules on Qualified Mortgages. Principal at Crosby Capital discussing investing in Non-QM mortgage loans.Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property. Standard SmartEdge: This is for your investor borrowers who fall just outside of the standard agency and prime jumbo programs.
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