Stated Income Home Equity Loan
December 22nd, 2008
Compare, pre-qualify, and apply for home loans, home equity, and mortgage refinancing.
Summary: Stated income home equity loan is a loan made without the presence of the usual documentation ONLY by applicants with high credit ratings.
Stated income home equity loan may be a breeze for the majority of loan applicants, but for some individuals this can be a major pain in the ass. So what’s the science about Stated Income Home Equity Loan? For a rather hefty explanation needed to get this point through, the mechanics is really simple.
The best home equity loans are generally for conforming loan applicants. That is requiring a proof of income, the documentation of asset or collateral and other loans/debts (debt ratio)
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Entry Filed under: Cheap Home Equity Loans
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