http://privatemoneyutah.com/high-demand-for-stated-income-loans-signals-opportunity-for-investors/ Just another WordPress weblog Thu, 15 Jul 2010 16:12:32 +0000 hourly 1 http://wordpress.org/?v=3.0 http://privatemoneyutah.com/high-demand-for-stated-income-loans-signals-opportunity-for-investors/comment-page-1/#comment-37 RonPippin Mon, 16 Feb 2009 22:46:45 +0000 http://privatemoneyutah.com/?p=176#comment-37 I have seen stated income loans only get into trouble when they were used as "liar loans". When loan officers took good credit borrowers and stated income that were not really making thus qualifying them for loans they couldn't really afford. There are those, such as self employed, who could benefit from stated income loans when their income taxes is not a true reflection of their income. Hard money seems to be a creative way to do that though based on what I have seen, it does come at a much higher cost. I have seen stated income loans only get into trouble when they were used as “liar loans”. When loan officers took good credit borrowers and stated income that were not really making thus qualifying them for loans they couldn’t really afford. There are those, such as self employed, who could benefit from stated income loans when their income taxes is not a true reflection of their income. Hard money seems to be a creative way to do that though based on what I have seen, it does come at a much higher cost.

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