Is it possible to get a mortgage without income? Kansas

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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.

    Is it possible to get a mortgage without income?

    In addition to unsecured loans, there is a popular but completely opposite form of mortgage. This method seems suitable for those who borrow a lot of capital for investment or business purposes. Of course, if you want to buy a house and buy a car, you can take a mortgage loan instead of a consumer loan.
    Terms of mortgage without income certificates.

    When issuing a mortgage without salary certificates, banks face the risk of losing their own funds. Credit organizations try to protect themselves with high interest rates and significant initial contributions. At the same time, the maximum repayment term remains unchanged - up to 30 years.

    In the simplified program, banks limit the limits on the purchase of real estate. The exact amount depends on the selected program and the characteristics of the potential client.

    Most often, in the absence of a certificate of income, banks ask to provide an additional document that can confirm solvency. This can be an account statement, lease agreements for existing property, certificates of received scholarships, grants, subsidies.