by Steve | Apr 19, 2023 | Glossary of Mortgage Terms, Non-QM Loans
Understanding a Mortgage Note When you take out a mortgage to purchase a home, you sign a promissory note, which is also known as a mortgage note. The mortgage note is a legal document that outlines the terms of the loan, including the amount borrowed, the interest...
by Steve Abo | Jan 8, 2021 | Non-QM Loans
No-Doc Mortgage No-doc mortgage, also known as no-income or stated-income mortgage allows an applicant to qualify for lending using non-standard documentation. A no-doc mortgage does not require income verification from the borrower. Instead, lenders approve this...
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