‘No credit report, no job’ is 2022’s exotic mortgage winner
‘No credit report, no job’ is 2022’s exotic mortgage winner
Conventional mortgage refinancing volume has fallen off a cliff as rates are more than a full point higher than the all-time Freddie Mac low of 2.65% set back in January 2021.
Conventional loans are also plenty slow, stemming from a dearth of homes for sale.
But the mortgage machine must be fed. And thus, there are always exotic mortgages for those tough-to-qualify borrowers when demand dwindles…
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