? ON A NO DOC LOAN

Financing, Hard Money Lenders, Private Money
1

Is a no DOC loan a good way to getstarted financing? I know the intrest will be higher but is there something else that I do not see?

Thanks

Phil

2

No Doc Loans carry higher interest rates and lower LTV (Loan to Value) options.

Also known as NINA (No Income No Asset) these programs are typically more viable for Owner Occupied purchase or refinance scenarios. The LTV"s are generally around 80%.

3

Even though, it can be an option to get started. Are ther any other problems that may occur other than the LTV