Stated Income Loans

What are stated income loans? Stated income loans are usually mortgages where the lender does not verify the borrower’s income.  Instead, they just go off the income that is [...]

What is a Liar Loan?

When President Obama answered consumer questions about the housing market on Zillow, he referred to liar loans.  What was he talking about? Basically, a liar loan is referring to a mortgage that [...]

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