Is it possible to get a mortgage loan without proof of income? Arkansas

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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.

    Can I get a mortgage without proof of income?

    Today, many banks offer their customers such a service as a mortgage loan. Mortgage is very popular, as in most cases it is the only alternative to solving housing problems that arise in families with different levels of financial wealth.

    Mortgages are beneficial because in the event of inflation, money savings usually disappear, and real estate only increases in value. In addition, in large industrial cities, the cost of renting housing is comparable to monthly mortgage payments. Having your own property, you do not have to huddle in other people's apartments or look for convenient rental options.

    In order to receive a mortgage loan, a bank client must meet certain criteria:

    Registration of the borrower in the region where the mortgage is issued.

    The presence of a passport and an identification code.

    Age from 21 years old.

    Positive credit rating.

    You can do without proof of income.