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  2. Foreign national mortgage - Wikipedia

    en.wikipedia.org/wiki/Foreign_National_mortgage

    A mortgage to a non resident is called a Foreign National Mortgage loan. A foreign national who is not a resident of the United States will in many cases seek to own real estate. Financing real estate is generally done by US mortgage companies and banks to United States citizens. Lenders also offer loans to non citizens.

  3. How to get a mortgage when you’re self-employed - AOL

    www.aol.com/finance/mortgage-self-employed...

    Non-qualified mortgage lenders: A non-qualified mortgage (non-QM mortgage or loan, for short) is a type of non-conforming loan, one in which there are looser income verification criteria. Instead ...

  4. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

  5. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    This is known as an asset lend as the assessment of the loan is primarily focused on the saleability of the security property and the proposed exit strategy. The loan must be National Consumer Credit Protection Act unregulated as they do not meet the NCCP requirement to reasonably verify the borrowers situation. For this reason most no doc ...

  6. Non-conforming mortgage - Wikipedia

    en.wikipedia.org/wiki/Non-conforming_mortgage

    A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac). Mortgages which are non-conforming because they have a dollar amount over the ...

  7. What are non-conforming loans? - AOL

    www.aol.com/finance/non-conforming-loans...

    Other non-conforming loan types. Hard money loans: A hard money loan is a non-conforming loan providing a borrower with short-term funding. Real estate investors often seek them out because they ...

  8. Glossary of US mortgage terminology - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_US_mortgage...

    Adjustable rate mortgage or ARM - A mortgage where the interest rate adjusts relative to a specified index + margin. E.g. COFI, LIBOR etc.; Hybrid ARM - An adjustable rate mortgage where the initial 'start' rate is fixed for some portion of time (3,5,7, or 10 years) thereafter the interest rate adjusts (yearly or bi-annually) based on the sum of a specified index + margin.

  9. How to read and compare mortgage loan estimates - AOL

    www.aol.com/finance/read-compare-mortgage-loan...

    The final page of the loan estimate lists more important details of your mortgage agreement, like the names of the lender and the loan officer, plus three key figures you can use for comparison ...

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