Refinance guide non-occupant co-borrower impacts on refinance

Refinance guide non-occupant co-borrower impacts on refinance

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What a Non‑Occupant Co‑Borrower Is — and When It Makes Sense A non‑occupant co‑borrower is someone who signs the mortgage loan (the promissory note and usually the deed of trust or mortgage) but does not live in or occupy the property being financed. Their income, assets and credit history are considered by the lender to…

Refinance guide non-QM refinance options for unique income

Refinance guide non-QM refinance options for unique income

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What non‑QM refinance for unique income is — and when it makes sense “Non‑QM” means non‑qualified mortgage: loan programs that don’t follow all of the Consumer Financial Protection Bureau’s QM underwriting rules. A non‑QM refinance is designed for homeowners whose income or financial profile doesn’t fit conventional underwriting — self‑employed borrowers, gig or contract workers,…