What is a Non-Qualified Mortgage Loan?
Some homebuyers don’t fit the typical mortgage criteria, often due to factors like creditworthiness, income level, or income stability. For these situations, a non-qualified mortgage (non-QM) can be a suitable alternative. Non-QM loans generally have more flexible credit and income requirements but may require higher down payments and interest rates. Additionally, they might lack some […]
26/07/2024
