User Name Password
Register



Joe Engbrock

Phone
(830) 305-4866
Fax
(830) 632-3068
E-Mail Us
Keller Williams Heritage - Seguin
801 N. 123 Bypass
SEGUIN, TX 78155

Contact Info.
Joe Engbrock


Phone
(830) 305-4866
Fax
(830) 632-3068

E-Mail Me


Keller Williams Heritage - Seguin

801 N. 123 Bypass
SEGUIN, TX 78155

Articles & Links
Refinancing
???
Leveraging Your Money
???
Length of Your Mortgage
???
Saving for the Down Payment
???
Closing Costs
???
How Mortgage Loans Work
???
When To Pay Points
???
Adjustable-Rate Mortgages
???
How Much Can You Afford?
???
Getting Your Finances in Order
???
Your Credit History
???
Mortgage Glossary
???
Free CMA Request
???
Free Moving Quote
???



FIRST TIME HOME BUYERS SPECIALIST *Voted # 1 Real Estate Agent in Guadalupe County 2008 - Seguin Gazette Readers Poll*
Questions & Answers
Get the answers on home selling and buying.
  Easy-Qualifier Loans - Q & A
Q:  What are no-doc loans?
A:  "No-doc" loans are mortgages for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more.

These mortgages are common among self-employed people who say they earn a certain amount of money but whose tax returns show that their earnings are much lower.

Resources:
* "How to Shop for a Mortgage," Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; call (202) 861-6500.


Q:  Can someone who is unemployed get a loan?
A:  Generally, lenders will not make loans to unemployed persons because someone without an income would seemingly have no way of making monthly mortgage payments.

However, there are home loans for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more. These "no-doc" loans are common among self-employed people who say they earn a certain amount of money but whose income tax returns show that their earnings are much lower.

Borrowers should check directly with lenders when seeking a no-doc loan. If specific lenders do not offer them, ask for a referral.




Copyright 1999 Inman News Features


 
Preferred Partners
Check out the best in local home-related services.
Automated E-mail Listings Service
Sign up to automatically receive new listings today!
Home Advice
Get the answers on home selling and buying.
Real Estate News
Find out what's happening in real estate.

Main PageSearch for HomesFirst Time Home Buyer SpecialsSearch Comal CountySearch Guadalupe CountySearch SeguinSearch McQueeneySearch New BraunfelsMortgage CenterPre-Qualify Now!School InformationFree ReportsFree Home ValuationContact Me
Joe Engbrock

Phone
(830) 305-4866
Fax
(830) 632-3068
Keller Williams Heritage - Seguin
801 N. 123 Bypass
SEGUIN, TX 78155




AgentAdvantage.comWebsite Design and hosting by AgentAdvantage, official agent and broker website provider of Homes.com
Copyright ?2000-2014 Homes.com, Inc. All Rights Reserved. Privacy Policy. Full Terms and Conditions.

Equal Housing Opportunity

Member Login