Expert Real Estate Tips: What is a Stated Income Loan?
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It just sounds like a bad idea to me. Sure it opens up more opportunitiy, but the odds are you could lose everything. Real Estate isn't gambling.
2BAPlayer 2 years ago
These are the majority of the loans that caused the recession. They should be outlawed. This video completely distorts the fact that you DO NOT have to have good credit in order to get a stated income loan. Matter of fact, the stated income loan is specifically for individuals who have sub-par credit (FICO score less than 500). Remember, this is a real estate agent explaining details of a loan that she doesn't have anything to do with. She sells homes - she's not a loan officer.
MontanaFiddler 2 years ago
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WERIEVENTS 3 years ago