Stated Earnings and No Doc loans.

If you are unable to or do not would like to document either revenue, job or assets, then a stated revenue or no doc loan is the way to go. These are some sorts of these loans requiring reduced paperwork : * Stated Earnings , Confirmed Assets ( SIVA ) earnings is stated only assets are stated and confirmed * Stated Earnings , Stated Assets ( SISA ) earnings and assets are stated only and not determined * No Proportion we have heard of 2 sorts of no ratio : one with revenue and assets stated and confirmed, and the other with no revenue stated or confirmed. There's no such thing as a self-liquidating "LOAN. Also be wary of the con men that don't charge front costs but wish to see if you qualify for such a "LOAN", then notifies you later that you've been authorized for a "Loan" and need you to pay points, closing costs, advance interest costs, for example. In a Self-Liquidating Loan CONCEPT there are no such costs. The money comes first, then the exchange is formed employing a Roll Account ( Compensating Balance ). Here's a nice article all about government auctions. there was a mystique about these loans.

Andre McFayden is VP of Empire property Group, Inc.