Reasons For Using Non-QM Loans Versus Traditional Mortgages
In this blog, we will be covering the reasons for using non-QM loans versus traditional mortgages for home purchases. Non-QM loans are a wide field. Non-QM loans are non-Qualified mortgages which means they do not follow the strict CFPB rules and regulations. However, non-QM loans still need to adhere to RESPA and residential mortgage regulations…