If by chance you are you self employed or a wage earner that finds it difficult or impossible to document your income, or perhaps you prefer not to produce any income documentation whatsoever. Maybe you plan on buying investment property to fix and turn or whatever else turns you on, then the Stated Income Mortgage Loan just might be the right loan for you.

    Stated Income Mortgage Loans allow you to state your income on the loan application without having to provide any supporting documentation. Almost unreal! You don't need to prove your income! This certainly opens doors for many people wanting to get ahead and take advantage of the foreclosures and good buys that come their way.

    Producing W2s, paycheck stubs, tax returns, or profit and loss statements aren't required when applying. Two years of employment or self employment is all that is required and will be verified.

    If you meet the following qualifications you might be a canadiate for applying for a stated loan?

    1.) If you're self employed and show less income on your tax returns than you actually make because of business expense deductions.

    2.) If you have difficulty documenting income because you are paid largely in cash or tips.

    3.) If you have had an increase in salary or earnings that are not reflected on past or current income documents.

    4.) If you prefer not to produce any income documentation and would rather state your income on the loan application.

    Your assets are an integral part of the loan application. With the Stated Income Loan programs, you also have the ability to state your assets. This allows those with complex and varied assets the ease of simply stating the amount of their assets, without producing any documentation.

    You can purchase a home, refinance a loan, buy investment property, or consolidate debt using any of the traditional mortgage programs below using an aggregate total loans of 100% loan to value or more.:

         [a.]   30 Year Fixed Mortgage
         [b.]   15 & 20 Year Fixed Mortgages
         [c.]   2,3,5,7, or 10 year fixed Mortgage
         [d.]   Pay Option Arms

    So if you have difficulty proving your income, cannot prove income, or prefer not to provide income documentation, (I like that one) then the stated income mortgage loan could very well be the right loan for you!

    Getting loans can be easy, to easy sometime?

Control your investment future - take charge! See Ya In The Jungle Tiger!!!

Ron “Boots” Stacey Your Friend.................