What Is A Stated Income Mortgage?

Most of us are familiar with the standard process of a mortgage or loan application. We are often sent away to obtain piles of documentation confirming we are who we say we are, confirming our address, our bank account details and most importantly, confirming our income. A stated income mortgage, otherwise referred to as a ‘liar’ mortgage,  ‘no doc mortgage loans’ or a ‘low doc’ mortgage, is a … [Read more...]

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