Question 1

Do you handle regular loans, or just the specialty programs?

Accepted Answer

Both, with equal care. Conventional, FHA, VA, and jumbo are the foundation of this practice. The specialty exists for the borrowers those programs can't read.

Question 2

Is non-QM the same as subprime?

Accepted Answer

No. Ability-to-repay rules apply to every non-QM loan. The documentation is alternative, not absent.

Question 3

What is an alternative documentation (alt-doc) loan?

Accepted Answer

A loan that verifies your ability to repay through documents other than tax returns: bank statements, a CPA-prepared P&L, your assets, or a property's rental income. Different paperwork, same rigor.

Question 4

I was already declined. Why would this be different?

Accepted Answer

Because a decline is a verdict on one file format, not on you. A conventional underwrite read your tax returns; a non-QM program can read your bank statements, your assets, or your property's income instead. Same facts, different documentation, and very often a different answer.

Question 5

Will finding out hurt my credit?

Accepted Answer

No. The scenario review uses no credit pull. Nothing is pulled until you decide to move forward on a real file.

Question 6

How much do I really need for a down payment?

Accepted Answer

Usually less than the folklore says. Some conventional programs start around 3% down, VA can be zero for those who served, and assistance programs can cover part or, in some cases, all of the down payment. The honest answer is scenario-specific, which is what the fifteen minutes is for.

Question 7

Are non-QM rates higher than a bank's?

Accepted Answer

Typically somewhat higher than agency loans, reflecting the documentation flexibility. The comparison that matters is against not closing at all.

Question 8

What is an Equity Acceleration Mortgage?

Accepted Answer

A first-lien line-of-credit structure where deposits offset principal daily and interest accrues on the net balance. Sometimes described generically as an all-in-one or offset-style loan.

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