Stress testing is a financial simulation lenders use to evaluate if borrowers and banks can withstand...
A risk premium on a loan is the extra interest added by lenders to compensate for the chance you might...
The Residual Income Test is a critical VA loan requirement that checks if veterans have sufficient leftover...
Reserve analysis is a critical step where lenders verify you have enough liquid assets left after closing...
A reduced documentation loan, or "low-doc loan," is a mortgage option that allows borrowers to prove...
Qualifying income is the portion of your earnings lenders consider stable and reliable enough to approve...
A non-permanent resident alien loan provides mortgage financing to foreign nationals residing in the...
A non-occupant co-borrower applies for a mortgage with you and shares legal responsibility for the loan,...
A non-income verified loan allows borrowers to qualify using alternative financial documents such as...
A non-arm's length transaction involves a deal between parties with a pre-existing relationship, such...