A Comprehensive Guide to Non-Qualified Mortgages

Download or read book A Comprehensive Guide to Non-Qualified Mortgages written by Fernando Zoota and published by . This book was released on 2022-01-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: You don't know what you are talking about, do you? I get it, you have been in the mortgage industry for a long time. You've probably made a lot of money. However, this isn't conventional lending, and this certainly isn't sub-prime. This is non-qualified mortgages, more commonly known as non-QM. Sure, you've heard the name, but if you're honest with yourself, you don't really know what it is. It's time for you to learn because non-QM is the future of mortgage lending.A Comprehensive Guide to Non-Qualified Mortgages is the second edition of the highly successful book, An Insider's Guide to non-QM. The first edition is a 101 guide to non-QM, the second edition is a comprehensive education to the lucrative niche know as Non-Qualified Mortgages. In this book you will find:COVID-19 and its effect on the non-QM marketThe Ability-to-Repay rule and how it governs non-QMGetting a warehouse line of creditOperational workflowNon-QM product availabilityTypes of non-QM lenders and their sales staffNon-QM guidelinesUsing bank statements for incomeDebt service loans (DSCR)Submitting a non-QM loanThe secondary marketFinding clients and selling your brandBuy the book now and become an industry knowledge expert.