Obtaining a mortgage loan without proof of income Kentucky

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    Mortgage without proof of income

    Lending conditions will be more stringent when compared with conventional programs. It is realistic to borrow money without collecting additional certificates when a potential borrower has 30-35% of the amount to buy a home and is not afraid of large regular payments.

    Requirements and documentation.

    The borrower must provide a passport. In addition, the lender examines his personality, evaluates his age and credit rating, which cannot contain negative points.

    If the questionnaire is approved, within the specified period, the consumer provides the lender with securities for collateral. What is included:

    cadastral passport;

    a photocopy of the certificate of ownership;

    extract from the USRN;

    a preliminary contract certifying the acquisition by the client of the property.