Contact Information

Joe Bergquist
Assist-2-Sell
1740 Spring St. Suite C
Paso Robles, CA, 93446
Office: (805) 239-0000
Cell: (805) 423-2910
Fax: (805) 239-1546
joebergquist@hotmail.com
http://www.paso-robles-ca-real-estate.com
Lic. #: 01354737
no-doc loans | Print |

What are no-doc loans?

"No-doc" loans are mortgages for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more.
These mortgages are common among self-employed people who say they earn a certain amount of money but whose tax returns show that their earnings are much lower.

Resources:
* "How to Shop for a Mortgage," Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; call (202) 861-6500.


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Last Updated ( Tuesday, 29 July 2008 )
 
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