A NO PROOF OF HOME LOAN MORTGAGE WITHOUT PROOF OF INCOME A NO-INCOME-VERIFICATION HOME FINANCING
A mortgage without proof of income is considered a home loan facility made available by specific financing organizations for people wishing to acquire a property without having to provide any proof of revenues.
A mortgage with no proof of income is especially intended for borrowers who cannot prove a regular source of salary and who have no other alternative as to apply for specific home financing that consider their situation.
A home loan without verifying the income is a housing financing that will be made without assessing the borrower’s source of revenues of a future home owner who chooses to reduce the time between the request for financing and the first disbursement in order to allow to the borrower to seize rapidly any real estate opportunity that arises.
A mortgage loan without proof of income is often implemented to neglect the verifications made to the home loan applicant but will not prevent a thorough analysis of the value of the property as practiced by lenders who are more sensitive to the valuation of the real estate property than to the financial situation of the borrower.