Buying a home 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.

    Buying a home without proof of income.

    If you have an irregular or fluctuating income, it may be difficult for you to get approved for a mortgage, even if you have enough money to buy a house.
    In this case, you can ask your broker for a mortgage without proof of income.
    This type of mortgage, also known as an undocumented mortgage, may still come with a bunch of paperwork for other types of verification and is not necessarily the best choice for everyone.
    These types of mortgages were popular until the 2008 housing crisis and recession, when lenders were lending to more people without checking to see if they could repay those mortgages. Loans still exist, but they don't usually come from traditional lenders.