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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Rutgers who wrote (21728)6/18/2004 4:51:16 PM
From: TradeliteRead Replies (1) of 306849
 
I have a hard time believing it, too.

For one thing, no income-asset verification loans carry higher (sometimes much higher) interest rates than other types. Not worth it for most people to get one.

Generally, these are appropriate for self-employed people who file lengthy tax returns with the IRS indicating their net income is much less than gross income. Or for people whose assets would be extraordinarily difficult to verify, such as foreign assets.
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