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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Think4Yourself who wrote (40890)	3/27/2005 8:05:40 PM
From: Big Dog	Read Replies (2) of 206203

JQ, Since I am also a mortgage broker... The stated income loans do not even require a verification of the employer. Stated means stated. In some cases the lender will require bank statements to see the cash flow, but not in all cases. A high credit score means you can do all kinds of interesting things. There are even some loans that are called NINA (no income, no assets). They would typically require a "decent" credit score together with a "decent" loan-to-value. Then there are also the loans for 103% and 107% of the purchase price (to cover closing costs). Basically, we can finance a ham sandwich. It's amazing. big

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