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No Ratio -Second Mortgage:
Nationwide Mortgage Loans offers no ratio second mortgages and debt to income ratios are not calculated. Take advantage of reduced documentation programs that may help ease the pain of extra documentation. With this loan, borrowers are expected to include their employment info without stating or documenting any income.
No Ratio Second Mortgage:
- Need continuous 2 Yrs. Employment history with the Same Employer or (must be in the same field)
- Verbal Verification of Employment- (Wage Earners, 2 Yrs. Business Licenses For Self Employed.)
- 2 Yrs. Business Licenses For Self Employed
- Minimum of 2 Yrs. Required For Same Business.
- Liquid Assets & Reserves Must Be Verified.
- Mortgage coupon for existing mortgage
- Declaration page of insurance (home policy)
- Copy of Promissory Note for existing mortgage
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Call 1-800-242-6986 for a
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