Comments on: Stated Income Loans on Life Support

By: Arizona Mortgage Guru » Blog Archive » 1099 Income Makes You Self-Employed

Wed, 22 Aug 2007 00:54:14 +0000

[...] treated like the owner. Back in the day (really, just last month) when lenders had a range of lower documentation loans they didn’t have to worry about this too much. With the changed climate, lenders will ask that you [...]

By: Arizona Mortgage Guru » Blog Archive » What it Was Like Twenty Years Ago

Tue, 21 Aug 2007 18:31:10 +0000

[...] more low doc loans, no more exotic option ARM’s, no more 80/20 loans, no more 100% financing at 580 FICO [...]

By: Arizona Mortgage Guru » Blog Archive » You Need a Job To Get a Mortgage

Wed, 15 Aug 2007 21:42:29 +0000

[...] was a recent conversation we had a with potential borrower. Unfortunately in this market and in this day most borrowers will need to have a stable income source to qualify for a mortgage. [...]