NON Qualified Mortage (NON-QM) Loan
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NON Qualified Mortage (NON-QM) Loan
A non-qualified mortgage (non-QM) is a mortgage loan designed to help investors and homebuyers who can't meet the strict criteria of a qualifying mortgage.
Examples include using bank statements, rental agreements in lieu of tax returns as income. Because of the more flexible qualification requirements.
Non-QM loans open up real estate investment opportunities to a broader group of individuals.
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