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NoJobMortgage.com Offers Home Loans Based Only on Credit History, No Job Needed
biz.yahoo.com
Press Release Source: NoJobMortgage.com
Monday June 19, 8:10 am ET
SCOTTSDALE, Ariz., June 19 /PRNewswire/ -- Traditionally, home financing has been out of reach for the unemployed, the retired, those with undocumented jobs and those who are newly self-employed, among others. But now, a new Web site, NoJobMortgage.com (http://www.NoJobMortgage.com), has teamed up with a National Direct Lender to offer a wide assortment of quality, low-rate mortgages which all have no job requirement.
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Current loans featured on NoJobMortgage.com include brand-new Zero Down Purchase loans. On the Refinance side, they offer the option to cash out up to 100 percent of a home's value, again with no job required. Rates are updated daily on the site and include a choice of Fixed- and Adjustable-Rate options.
"Our practice is to partner with a leader in the mortgage banking industry, like Concord Mortgage Company, in order to offer the most flexible No Job mortgages on a national basis," stated site founder Benjamin Cohen. "Many people have employment issues that require them to wait two or more years before applying for a traditional loan. In today's low-but-rising rate environment, waiting is the real risk. We can provide low rates and a quick close with absolutely no hassle, today."
Standard mortgage guidelines require that applicants have been in their current job for at least two years. This immediately disqualifies the unemployed, recently self-employed, college students, divorced homemakers and the retired. In addition, applicants must be in the same line of work for those two years, with no gaps. This disqualifies people who have recently switched fields, switched jobs with delay, or who have had temporary positions.
Even individuals with jobs that meet all the traditional guidelines can benefit from NoJobMortgage.com's quick, easy and relatively private two-week loan process.
"Traditional loans can take four to five weeks," Cohen said. "Our credit consultants can fully pre-qualify applicants in a matter of minutes and close a loan in just two weeks. As a result, even those with jobs will love our simple, speedy and non-intrusive process."
NoJobMortgage.com Certified Consultants examine applicants' credit report with a focus on the past two years. Perfect credit is not required, prior bankruptcy is allowed and first-time home buyers are eligible. The program is available in 48 states; New York and Hawaii are excluded.
To see what types of loans are available along with current rates and other information, call 1-888-ZERO-DOWN or visit nojobmortgage.com. |
