Banks who don't hate growers

funkdr.

Member
Anyone know of any mortgage companies out there who want fucking pay stubs, or similar bullshit to prove income. Rather than looking at my credit report. Fucking ignorance. And forgive my ignorance.
 

rooky1985

Active Member
My local banks don't even do 30% down loans without proof of income, how will they calculate debt to income? Also, assets are not valuable in the loan department anymore without a solid proof of income, I suggest save, save, and save some more. What are you interested in buying? Some of the loan scammers like quick cash and lenmark will give risky loans while they rape your wallet with the interest rates.
 

jayfury

Active Member
The banks dont do those types of loans anymore.... Its been almost 8 yrs since they have.... They were called "No Document Loans" or "Stated Income Loans" - where you just TOLD them what you made, and had at least 5-10% down.... They were also referred to as "Drug Dealer Loans"..... Instead of getting a mortgage at like 5% 8 yrs ago, you were paying 7.4% interest on your no document loan... Unfortunaltely, they dont exist anymore... You NEED to be able to prove your income.... There are MANY ways to do so.... Pay $500 and form a Corporation, and wash the $$ that way.... Or open a small business.... who cares if it makes $$ or not, u just need an income to show....
 
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