Here’s an illustration from our very own practice of exactly how an excellent WVOE program works, as well as how versatile and inventive loan providers on non-QM room might be:

One to woman concerned you just after becoming denied because of the another bank. She was less than offer to acquire a condominium, and her closure due date is dealing with. We noticed instantly that she had several activities, you start with her really works history: Lenders typically want applicants getting spent some time working at the very least couple of years with the same manager.

But all of our consumer got recently obtained a cancer prognosis, which pushed her when deciding to take 10 days regarding to own cures. Continue reading →