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Karen Rockfeller's Articles in Mortgage

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How to Get My Loan Modified - Mortgage Loan Modification Assistance The home loan industry has changed stated income loans requirements if you don`t know yet. Most lenders now want full documentation loans and borrowers qualifying by using traditional debt to income ratio calculations. This directly affects the high cost housing markets like California, Florida, and the tri-state area of New York, New Jersey, Connecticut as well as parts of Maryland, Virginia, and Massachusetts. The reason is a lot of homeowners in these markets used adjustable rate mortgages and qualified by using stated income, stated assets and some instances no verification of employment.