No Income Verification Home Equity
Loan
A no income verification home equity loan is a second mortgage
loan that does not require you to provide income documentation to
qualify for the loan.
This type of loan is great for homeowners who need a home equity
loan but have hard to document income.
The majority of borrowers with hard to document income are either
self-employed or commission based employees. Consumers who fall
under these categories may have high income but have a lot of business
related deductions that they write off on their taxes. This is good
on the one hand as it reduces the taxable income and thus the amount
of taxes owed, however, when it comes to getting a home loan it
can hurt as most lenders use the average of your last 2 years taxable
net income (the amount left after all of your deductions) to determine
your income figure for qualifying purposes.
PERSONAL
HOME LOANS IN MINUTES !!!
Up to $1000 in Seconds. Bad Credit Ok. Immediate Approval.
Direct deposit is not required. Personal
Loans: $100-$3,000. In 1 hour!
No credit check. No Fax. Confidential & secure. Safe and Easy.
98.7% approvals. No direct deposit. 
This may cause you to have a debt to income ratio problem if you
have a high debt load and thus keep you from qualifying for the
loan. With a no income verification home equity loan, however, your
gross income can be used for qualifying purposes as opposed to the
net income.
In order to qualify for a no income verification home equity loan
you will, in most cases, need good credit and a high credit score.
Expect to pay a higher rate for this type of loan as opposed to
a traditional loan in which you have to document your income.
Also, even though a no income verification loan does not require
you to document your income, some lenders may require that you have
a certain dollar value of assets on hand which must be verified.
Not all lenders have this requirement though - some lenders offer
a program called NINA which stands for "no income no assets" meaning
you do not have to document either.
Loan guidelines and rates vary from lender to lender so it is a
good idea to shop around to increase your chances of getting the
best deal available to you.
PERSONAL
HOME LOANS IN MINUTES !!!
Up to $1000 in Seconds. Bad Credit Ok. Immediate Approval.
Direct deposit is not required. Personal
Loans: $100-$3,000. In 1 hour!
No credit check. No Fax. Confidential & secure. Safe and Easy.
98.7% approvals. No direct deposit.
For more information on no income verification home equity loans,
or to compare rates and programs of home equity loan lenders visit
http://www.equityloansource.com
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