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Welcome to
Carteret Mortgage!
Your source for consumer information
Option Arm Manage your Mortgage!
Construction/Perm
Interest Only Mortgage
No Doc
Real Estate
Investor
Refinance
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Non Qualifying Home Loans
No Documentation or non qualifying home loans are a simple solution in
today's market. We offer a suite of programs collectively referred to as No Documentation
loans. These non qualifying home loans assist borrowers obtain mortgage
financing when their income, employment or assets are
difficult to verify. No Doc loans fall into three categories:
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No Documentation loans require no employment, income, or assets to be stated on your
application. No information is verified beyond your credit profile and value of the property.
We allow as little as a 5% down payment. If
you have past credit issues you will need a slightly
higher down payment but I can get the loan done. Rates are 1 to
1.5% higher than conventional financing and are
available on both fixed rate and adjustable mortgages. More detailed information on No
Doc Non Qualifying Home Loans.
A No Ratio loan is a good choice as you do not state any income
information and your rate will be less than for a No Documentation loan. Because we do not need
income information, no debt ratios are
calculated. We will verify employment and assets. More on No
Ratio Non Qualifying Home Loans.
Stated income mortgages are the least expensive option. We verify employment and assets,
income is
stated on the application but not verified. Your stated income must be reasonable
for your
occupation and assets. Rates are usually
only .500% above conventional rates. More on Stated
Income Non Qualifying Home Loans.
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Property and
Occupancy types
Non Qualifying Home Loans allow purchasing
or refinancing a
single family, townhouse or condo. An investment property
or Vacation home is also acceptable.
While most lenders only offer these programs up to $417,000, we also offer Jumbo
No Doc Loans. Be
sure to visit the Mortgage Library.
As a Certified Mortgage
Planning Specialist, I offer an analysis of
your situation today can make suggestions on how small changes in how
your consumer and mortgage debt is structured today can have a life changing effect in the years
to come. Read more
about this free, no obligation service.
New!
 Prequalify for your
Non
Qualifying Home Loan.
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