Non Qualified Mortgage

Alternate mortgages allow you the ability to qualify for a loan without relying on your income, or assets. This is great if you don't have an established credit rating and are often denied by lenders because of it! Alternate mortgage loans take into account factors that traditional types do not: they use bank statements as evidence of your monthly expenses; in some cases, they will even accept collateral like property deeds instead of a paycheck stub. All these alternatives make alternate mortgages worth looking at if you're trying to get back onto good financial footing but can't find any other way around getting financing.