Stated Income Mortgage Loans, No Income Verification. Purchase or Refinance in New Jersey

Purchase or Refinance. NOW CASH-OUT OK ON REFI's. 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 RBornstein@ahmcloans.com. SEE BELOW FOR MORE DETAILS.
By: Robert Bornstein
 
Sept. 23, 2011 - PRLog -- Many borrowers believe these programs are no longer available.  That is not the case.  Robert Bornstein of Absolute Home Mortgage Corp in NJ, has No Income Verification programs as well as Stated Income Mortgage loans.  Robert can be reached in NJ directly at 732-207-8409 or via e-mail at rbornstein@ahmcloans.com.  More details are also available at his web site http://www.StatedIncomeLoansNJ.com.

Basically, these mortgage programs have one thing in common, they require significant equity in the property you are purchasing or refinancing.  The maximum Loan to Value (or LTV) on a Stated Income Loan is 65% depending on the loan amount.  The No Income Verification Mortgage Loan has a maximum Loan to Value of 60%.  The borrowers credit history should be adequate to justify this type of Loan.  The minimum credit score is 700 in some programs while other guidelines require a minimum of 720.  

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

Most program guidelines allow for the owner of a home to refinance and actually take cash-out of the new mortgage loan, up to the maximum LTV or cash-out limit..  Sometimes a borrower chooses to payoff higher interest debt.  The Stated Income loan is designed for & is very popular with Self-Employed borrowers.  The Stated Income program does require the borrower to have adequate reserves.   The No Income Verification program does have some more flexible requirements..  In either case, all funds must be the borrowers and not be derived from gifts etc.  

All programs are for qualified borrowers and terms and conditions may change with no advance notice.  Absolute Home Mortgage Corp  is NJ licensed lender 9826392, NMLS# 176743 and is based 279 Browertown Rd, West Paterson NJ 07424    Robert Bornstein, Licensed Mortgage Originator, NMLS# 228572 can be reached at 732-207-8409 or Robert@ahmcloans.com or.  http://www.StatedIncomeLoansNJ.com.

Please, on these programs remember the following: NO 2nd mortgages or home equity loans, ONLY for NJ primary and 2nd home.  No rental properties permitted under these guidelines.

These specialty programs are not committed by Absolute Home Mortgage Corp and are arranged through 3rd parties.  Contact our office for complete guidelines.

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Full Service New Jersey Mortgage Originator. Extensive experience with Stated Income, No Income Verification and No Doc mortgage loans. For Purchase or Refinance. Low rate FHA, Reverse mortgages, Low Credit FICO, Conventional and more
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Source:Robert Bornstein
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Tags:Stated Income Mortgage Loan, No Doc, No Verification, No Income Verification, Self-employed, Mortgage, nj, New Jersey
Industry:Mortgage, Real Estate, Financial
Location:New Jersey - United States
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