One Product, Endless Applications
N-Brook's Lo-Docs program was
designed to make stress-free mortgage financing available to a wide variety
of borrowers. In order to be considered, a client need only provide a
current appraisal and proof of offer to purchase.
That means:
- No proof of income
- No self-employment
verification
- No Notice of Assessment
- No proof of collections, R9s
or I9s being paid
- No Separation Agreement
- No down payment verification
The following examples
demonstrate the flexibility of the Lo-Docs product. (All names and
identifying information have been changed for the privacy of our
customers.)
Client Profile: Busy individual looking for
a hassle-free mortgage process
Luis, a real estate lawyer, has
built up a prosperous legal practice since starting on his own several
years ago. Due to the client-centred nature of
the business, Luis is frequently tied up with appointments during working
hours and he disliked the idea of spending his free time gathering proof of
income documents together. N-Brook's Lo-Docs mortgage provided exactly the
convenient, document-free solution Luis was looking for.
Client Profile: Borrower building financial
independence during marital separation
Sandra had recently separated
from her husband and was anxious to get back on her feet as soon as
possible. Although she could afford the new home she'd put an offer on,
Sandra's lack of a Separation Agreement was making it difficult for her to
qualify for financing. N-Brook's Lo-Docs product allowed Sandra to purchase
her house and move on with her life.
Client Profile: New business owner with
less than two years' experience
Gitesh
had just started up his own website design company six months before
purchasing his home. Although talented and building clientele rapidly, he
did not have sufficient years in business to be considered for financing
from most mortgage providers. N-Brook's Lo-Docs product was the ideal
solution for Gitesh, freeing him to build his
business instead of hunting for a mortgage.
How can the Lo-Docs Product
meet your clients' needs? Talk to your N-Brook team. With a suite of
products specifically intended to meet the unique needs of the
non-conforming market, N-Brook has a mortgage product that suits your
client's circumstances.
N-Brook
Mortgage Group. Your Partner in Success.
Have you checked out our N-Sights blog this week?
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