Stated income loan

Author:: Hilary
Date:: September 28, 2009

Source for Image :
Dreamstime

What is a stated income loan? A stated income loan is when the lender does not check up on the borrowers income return. Instead, the person who is applying for the loan simply states what they make as their income. However, it is still a safe way to do mortgage loans because when you do a stated income loan you must state the truth. That way you can be sure that you make your payments too!

Does every lender do stated income loans or interest only loans? You should check first to see if the lender you are thinking of using does do stated income loans. At HomeLoanParadise.com/stated you can get a stated income loan! Check here also for what their interest rates on stated income loans are! You can check rates on stated income mortgage loans as well at www.Interest.com! This particular web site will let you see and compare and contrast all of the different lenders and their stated income loan rates! This way you can get the home equity loan or any other stated income loan with an interest rate that you like!

For more home equity loans and rates you can look at the web site www.Modification-Loan.com! You can also look at www.ehow.com for more tips when it comes to getting a stated income home loan! You can also look at www.newloan4you.com/home_buyers for more choices on stated income loans as well as interest rastes on these types of loans!

Tag : Home, Loan, Stated, Income, Rates,

Main Tag : Homes

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