| If you struggle to prove what you really make each | | | | decent amount of equity in your home or a sizable |
| year, then you also struggle to find a lender that will | | | | down payment if you are purchasing. This can help |
| work with you for a regular mortgage loan. This is | | | | you get your mortgage much easier and faster |
| something you should not have to deal with and you | | | | anyway. You should be prepared for a bit higher rate |
| should know that when you are looking for mortgages | | | | and fees as well because this is a bit more risky for |
| with no income verification you will find a handful of | | | | the lender. |
| lenders with these types of programs for you. | | | | When you decide to use a no income verification type |
| The basic idea behind this type of a program is that | | | | of loan you have to know that these were originally |
| you will be able to get a mortgage without proving to | | | | set up for small business owners. Now they have |
| the lender how much money you make. You will have | | | | expanded and are used for cash making employees |
| no issues getting the loan you need to refinance or | | | | that work for tips or just make cash instead of checks |
| purchase a home because you will not have to prove | | | | for their income. These people struggle to prove their |
| your income to the lender. | | | | income and this makes it very difficult for them to get |
| The mortgages with no income verification do require | | | | financing without these types of programs. |
| that you at least have decent credit and either a | | | | |