Alternative Mortgage Lenders Are changing home buying. online mortgage lenders, web marketplaces, new brokers and non-bank lenders are all trying to make it easier to get a mortgage.
Loans for those that find they are not qualifying for traditional financing. Loans that banks have declined. Non-Agency Loans, Bank Statement loans for self-employed, income solving mortgages, find a lender that can do stated income loans, What are income solving loans, Solutions for Income Qualifying, Alternate income solving Mortgages for primary residences
"Alt Mortgages has been great to work with, they provide me with additional options for clients that can’t get traditional financing. Their BDM (Jared), is quick to respond to my inquiries and is easy to talk to you. If the deal doesn’t fit with Alt Mortgages, Jared will sometimes suggest alternative options which is great." Marc Crossman
An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category.For these reasons, as well as in some cases their size, Alt-A loans are not eligible for purchase by Fannie Mae or Freddie Mac.
Get a free mortgage quote from a mortgage lender here. The Return of Non-Qualified Mortgage Programs. In 2018, lenders are coming back and offering different types of non-qualified mortgage programs (more on that below) and many of these non-qualified mortgage programs are designed to serve those people who could be considered “subprime” borrowers.
ALTRA Mortgage Capital, a Delaware LLC, owns and manages various brands ALTLOAN, NO RED TAPE and ALTAPP. ALTRA Mortgage Capital does not provide financial services direct to borrowers and is not in any way affiliated with Altra Federal Credit Union of Madison, Wisconsin.
So we decided to assist customers in researching home loans by putting all the tools and information a mortgage broker has access to on the web!
Goldman Sachs has been vocal about the lapse in small business funding availability, with president gary cohn telling reporters last year that regulations have caused an SME lending squeeze.