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Benjamin Sovacool
Taylor Donovan Realty, Inc.
8113 Tauren Ct
Naples, Florida, 34119
Office: 239-234-6900
Cell: 239-285-7443
Fax: 239-262-7112
Lic. #: BK3119015
no-doc loans PDF Print E-mail

What are no-doc loans?

"No-doc" loans are mortgages for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more.
These mortgages are common among self-employed people who say they earn a certain amount of money but whose tax returns show that their earnings are much lower.

Resources:
* "How to Shop for a Mortgage," Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; call (202) 861-6500.


Questions about Naples Florida Real Estate?

Ask us below or Call us Now at 239-234-6900
Last Updated ( Tuesday, 29 July 2008 )
 
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Short Sale Disclosure

Taylor Donovan Realty, Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.