Mortgage loan without proof of income Maryland

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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.

    Benefits of a mortgage without proof of income.

    For consideration of the application, provide only a passport.

    Documents confirming income and employment are not required.

    Down payment 20%.

    The premium to the rate is only 0.5%.

    Mortgages without proof of income are a great opportunity to purchase a home for those who have difficulty obtaining proof of income.

    Without certificates confirming the income and employment of the client, the bank cannot obtain information about the financial condition of the client and takes on additional risks. Therefore, for those who want to buy real estate on a mortgage without proof of income and with a minimum number of documents, higher initial fees and rates are set.

    Thus, the bank eliminates the potential risk of non-payment of a mortgage loan by the borrower.