Non QM Loan
It's a type of loan that doesn't meet the "Qualified Mortgage" standards set by the government.
Non-QM loans are designed for people who may have unique financial situations or don't meet the strict requirements of traditional mortgages.
So if you're self-employed, have a high debt-to-income ratio, or just need more flexibility with your loan terms, a non-QM loan might be a good option for you.
Just keep in mind that non-QM loans may have higher interest rates and stricter terms. 💸 Questions about non-QM loans?
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