Welcome to "Daily Mortgage Rates LIVE," your trusted source for staying updated on the dynamic world of mortgage rates and financing.
In this episode, we're shedding light on a distinctive and innovative financing option—Bank Statement Loans. Designed for those with non-traditional income streams, Bank Statement Loans provide a unique pathway to securing a mortgage.
Join us as we delve into the mechanics of Bank Statement Loans, understanding how they work, their eligibility criteria, and when they might be the ideal choice for your homeownership journey. Whether you're a freelancer, business owner, or simply intrigued by unconventional mortgage solutions, this episode equips you with invaluable insights to navigate the complex landscape of real estate financing.
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Disclaimers: The principal and interest payment on a $400,000 30-year Fixed-Rate Loan at 6.375% and 80% loan-to-value (LTV) and 760 credit score is $2,495. The Annual Percentage Rate (APR) is 6.722% with estimated finance charge of $10,000. The principal and interest payments, which will continue for 360 months until paid in full, does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 3/5/2024. Subject to borrower approval. Disclosure: All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply.
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Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages...
