When I am asked the questions above I answer the with the following: Yes. Yes. Yes.
Those are three of the many questions that I am often asked when this loan program comes up for agents looking for a loan program that can help their clients interested in a listed property. NON QM programs in general are getting very popular in this market. Bank Statement Loans and DSCR loans are where many buyers who may not qualify for a conventional loan based on their tax returns can qualify … (0 comments)
non qm: Economic Calendar for Next Week - Advanced GDP in Focus
- 10/23/21 11:41 AM
This week we will see a dramatic drop in our national GDP for the 3rd Quarter of 2021. This will have a large effect on what the Federal Reserve looks at before they start their possible tapering of asset purchases. If it is well below the estimate below then you could see them holding off a bit longer. I sure hope they do because I still see too many signs of weakness in the economy.
Since 2.8% is the estimate for this number on Thursday, I think anything below 2.2% will give the Federal Reserve Governers reason to pause. Also, Chairman Powell … (0 comments)
Have you ever worked with a DSCR loan? 
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