Before the housing bubble burst in 2008, there was a lot of financing available to borrowers without any documentation. In fact, law required banks to approve loans so that more people would be able to buy homes. But when people started to default, the housing market collapsed, and the losses were substantial. After that, loans became harder to get because there was just so much documentation required for even a relatively small amount.
But once again, no-doc loans are becoming popular because not everyone wants to provide extensive documentation to lenders and reveal sensitive information such as income and taxes.
This is generally the case for self-employed borrowers who want to keep their income private or don’t have a regular stream of steady income. This may also be the case for people with regular income and a good credit score who simply want to keep their financial matters private.
At A to Z Capital Lending, we provide Coral Springs no-doc long term loans so that properties in Coral Springs are easier to buy and generate revenue from.
No-doc loans give borrowers ease and privacy in qualifying for a mortgage loan without having to provide any extensive documentation. They don’t ask for income or asset documents and simply need an address for the borrower and his/her social security number.
Generally, the more documentation you provide, the lower your interest rate will be. But at A to Z, we provide a low interest rate in any case. You’ll need:
- Minimum 10% down payment
- Certain bank statements (varies from case to case)
- Almost any credit score to qualify
- To list the property as your primary residence
Other types of loans include low-doc loans, stated income loans, bank statement loans, no ratio loans, and NINA loans. All these are made available for you so that you have options to choose from other than conventional loans.
A long term loan for property is one of the best decisions you can make for a property market like that of Coral Springs. The low interest rate offered at A to Z will enable you to save up more in the long run, leading to a greater accumulation of wealth. It will also help you secure a future for yourself and your family for your retirement years.
So what are you waiting for? Give us a call, and let’s discuss your options!
With a large library of rental loan products available for investors, our consultants can help you in choosing the best property for your needs and long-term financial health goals. All you need to provide is some documentation (or minimal documentation, depending on the type of financing you choose) and we’ll process the paperwork so that you can qualify for a mortgage loan fast.
So give us a call today and let’s work on building your rental empire!
(561) 609-6699.