No Income Verification and Stated Income Mortgages in New Jersey

For Purchase or Refinance including cash-out. We have these loans now for Self-Employed and Wage Earners. Great interest rates and flexible terms. Call Robert at 732-207-8409 or email Robert@123MortgagePro.com. SEE BELOW FOR MORE DETAILS.
By: Robert Bornstein
 
April 22, 2010 - PRLog -- Many borrowers believe these programs are no longer available.  That is not the case. Robert Bornstein, Licensed Originator with United Capital Lenders LLC in New Jersey, has No Income Verification programs as well as Stated Income Mortgage loans and No Income No Asset verification programs.  Robert can be reached in NJ directly at 732-207-8409 or via e-mail at Robert@123MortgagePro.com.  More details are also available at his web site http://www.StatedIncomeLoansNJ.com.  

Basically, all these mortage programs have one thing in common.  They all require significant equity in the property you are purchasing or refinancing.  The maximum Loan to Value (or LTV) on a Stated Income Loan is 70%.  Other programs are as high as 60% LTV depending on the program and loan amount.  The borrowers credit should be adequate to justify this type of Loan.  The minimum credit score is in the mid 600's in some programs while other guidelines are minimum of 700.  

For Primary residences and 2nd Homes, the interest rates and APR's are only slightly higher than Full Documentation mortgages.  Visit http://www.StatedIncomeLoansNJ.com for more information or call Robert at 732-207-8409.  

Most programs guidelines allow for the owner of a home to refinance and actually take cash-out of the new mortage loan.  Sometimes a borrower chooses to payoff higher interest debt.  The Stated Income loan is very popular with Self-Employed borrowers.  The Stated Income program does require the borrower to have adequate reserves.   Some No Income Verification or No Doc programs have lesser reserve demands.

All programs are for qualified borrowers and terms and conditions may change with no advance notice.  United Capital Lenders LLC is a Licensed NJ Correspondent Mortage Banker and is based at 8 Main St in Flemington NJ.     Robert Bornstein, Licensed Mortage Originator, NMLS# 228572 can be reached at 732-207-8409 or Robert@123MortgagePro.com.  http://www.StatedIncomeLoansNJ.com.

These specialty programs are not committed by United Capital Lenders and are arranged through 3rd parties.  Contact our office for complete guidelines.
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Source:Robert Bornstein
Email:***@123mortgagepro.com Email Verified
Tags:Stated Income, Mortgage, Loan, No Doc, No Income, No Income Verification, Jumbo, Stated Income Loans, nj, New Jersey
Industry:Mortgage, Real Estate, Financial
Location:New Jersey - United States
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