Real estate blog entries tagged with asset loan by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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asset loan: What Is an Alternative Mortgage? - 02/03/20 08:24 AM

What Is an Alternative Mortgage?

Every so often in popular music, movies, art and culture, the unconventional becomes the rage, the "alternative" becomes mainstream. When it does, it usually reshapes people's ideas of what's "normal" and it can redefine what's acceptable --- even preferred --- for a generation or more. But...mortgage lending is not quite that exciting.

No, instead, alternative mortgage lending, also known as "non-QM" or "uncoventional mortgage" or even yesteryear's "Alt-A," simply provides a viable solution to home loan scenarios that don't quite fit in the relatively narrow box of convenional mortgages. Conventional loans include mainstream conforming loans, FHA and VA … (19 comments)

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