#mortgages

#mortgages

Non-QM stands for Non-Qualified Mortgage. It sounds technical, but the idea is simple: fully documented loans for creditworthy people whose finances don't slot neatly into the narrow rules used by Fannie Mae, Freddie Mac, FHA, or VA. They are not the risky products from the last housing crisis. Today's Non-QM loans are fully documented, fully underwritten mortgages that use different paperworkand common-sense analysisto show you can repay.

Buying a house with cash removes uncertainty from the transaction, as it circumvents lender requirements, leading to a smoother process for both buyers and sellers.

What we're trying to do is basically build an assumable loan tool set and process automation around this old, archaic process that no one seems to know how to do anymore.

Ramsey suggests that when financing a home, consumers should ideally opt for a 15-year mortgage to avoid excess debt and save on interest.

AIB's reduction of non-green fixed mortgage rates by up to 0.75 percentage points aims to attract second-hand home buyers with lower energy ratings, easing the financial burden on borrowers looking to switch lenders.