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  2. Before Co-Signing a Mortgage, Consider These 6 Possible Pitfalls

    www.aol.com/news/2013-04-15-co-signing-mortgage.html

    You don't have to live in the property you are co-signing for, referred to as a non-occupant co-borrower. However, if all parties purchase and live in the house of their primary residence, there ...

  3. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

    www.aol.com/first-time-homebuyer-guide-mortgage...

    In addition to having low down payment requirements and flexible credit criteria, Home Possible lets you apply with a non-occupying co-borrower. Down payment required: 3% Minimum credit score: 660

  4. Should you add a co-borrower to your mortgage? - AOL

    www.aol.com/finance/add-co-borrower-mortgage...

    A co-borrower, also referred to as a co-applicant or co-requestor, is an additional person on a mortgage. In a co-borrowing situation, both borrowers complete an application, and the mortgage ...

  5. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    The co-signer does not have to be a blood relative. This is called a Non-Occupying Co-Borrower. [25] FHA also allows gifts to be used for down payment from the following sources: the borrower's relative; the borrower's employer or labor union; a close friend with a clearly defined and documented interest in the borrower; a charitable organization

  6. 6 Ways To Get a Mortgage If You Don’t Meet Income ... - AOL

    www.aol.com/6-ways-mortgage-don-t-160018376.html

    An occupying co-borrower lives in the home, while a non-occupant co-borrower, similar to a cosigner, doesn’t live in the unit but is still responsible for the payments.

  7. No income, no asset - Wikipedia

    en.wikipedia.org/wiki/No_Income,_No_Asset

    No income, no asset (NINA) [1] is a term used in the United States mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage.

  8. 3 percent down mortgages: A guide to your options - AOL

    www.aol.com/finance/3-percent-down-mortgages...

    One big distinction: It allows non-occupying co-borrowers to contribute funds to the 3% down payment for one-unit properties. Some of the requirements for HomePossible include:

  9. Non-conforming loan - Wikipedia

    en.wikipedia.org/wiki/Non-conforming_loan

    A non-conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit , the unorthodox nature of the use of funds, or the collateral backing it.