Stated Income Lenders - Qualify with Potential Rental Income

If you aren’t already aware, Dodd-Frank changed a lot of rules around mortgages when it went into effect in July 2010. The purpose was to stop predatory lending practices that led to sub-prime mortgages fueling toxic mortgage-backed securities. Stated income loans were mentioned alongside mortgage-backed securities. That caused a lot of confusion.

The idea of simply stating your income and being taken at your word was an honor system that wasn’t exactly honored across the board. It’s understandable why these loans weren’t meant for the average consumer. But there’s a reason stated income loans existed in the first place.

The Rental Property Financing Guide for Experienced Investors

Experienced investors have unique rental property financing needs. One thing that seasoned real-estate investors look for in a financier is flexibility. Here we have some excellent tips aimed at experienced investors.

Why Experienced Investors Love Rental Properties

Seasoned investors love rental property because of the many advantages they afford. For one thing, you can finance up to 90% of the purchase price. One thing that slows down other forms of investment is when you can’t finance as much and have to come up with more of the money upfront.