Non-QM Loans
Non QM Loans: Flexible Mortgage Options for Unique Borrowers
“Non QM loans are designed for borrowers who fall outside the scope of traditional mortgage requirements. Whether you are self-employed, have irregular income, or need an alternative financing option, these loans offer flexible terms, competitive rates, and expert guidance. Our team ensures a smooth, transparent process so that you can secure the funding you need to purchase or refinance your property with confidence.”
Flexible Financing Solutions with Non QM Loans
“Non QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t meet the traditional mortgage requirements. These loans provide flexibility for self-employed individuals, investors, or those with unique income situations, offering tailored solutions to help you purchase or refinance your property without the constraints of conventional underwriting rules.”
Whether you’re self-employed, have irregular income, or need an alternative financing option, Non-QM loans give you the opportunity to secure funding with competitive rates and personalized guidance. Our team works closely with you to structure the loan that best fits your needs, ensuring a smooth and efficient process.
- Loans designed for non-traditional borrowers
- Easier qualification with fewer restrictions
- Ideal for business owners and freelancers
- Customized loans to match your financial profile
duane@coast2coastml.com
804-212-8663
Frequently Asked Questions
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually, people refinance to save money either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation: Calculate the total cost of the refinance Calculate the monthly savingsDivide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing. Since refinancing is a complex topic, consult a mortgage professional.
A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.
A mortgage broker counsels you on the loans available from different wholesalers, takes your application, and usually processes the loan which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk.
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Get In Touch With Us
Address
4860 Cox Rd Glen Allen, VA 23060
Phone
804-212-8663
duane@coast2coastml.com