Stated Income Home Equity Loan

December 22nd, 2008

Quicken Loans - Home loans, Refinance, Interest-only
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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