Navigating the world of home financing can be complex, but we’re here to simplify things. One term you might have come across is “Non-QM Loans.” Let’s dive deep into what they are and if they might be the right choice for you.
In a nutshell, Non-QM loans are a type of mortgage that doesn’t meet the standard rules set by the Consumer Financial Protection Bureau. Unlike the more common Qualified Mortgages (QM), Non-QM loans offer flexibility but might come with higher risks.
Every borrower’s situation is unique. If you’re considering a Non-QM loan, it’s essential to weigh the benefits against potential risks. Reach out to our expert team today, and we’ll help guide you through the process, ensuring you make an informed decision.