What is a zero doc mortgage?
No-records mortgage loans personal loans Maryland dont demand money verification throughout the borrower; as an alternative, they only require a declaration about debtor saying their capability to repay the fresh HELOC otherwise collateral financing. There are a few zero doc lenders that provide 2nd mortgage loans to prospects not having a routine source of income, also those people who are notice-operating.
Before, all no-doc mortgage functioned with the an enthusiastic prize program: the brand new debtor would declare the money instead of furnishing any evidence. Continue reading “Can i rating a no doc HELOC?”