For the client who is self-employed and can’t prove their income in the traditional manner, this solution increases their chances of securing a traditional mortgage.
For the client facing an unexpected life event and temporary financial hardship, this solution offers homeowners a break from monthly payments while they re-establish their financial stability.
For clients who need a short-term solution, or the flexibility to allow for an early payout.
Two options for those clients who are fee-sensitive. If needed, brokers can reach out to their underwriter at the time of approval for customized pricing.
When a borrower is facing an unexpected financial challenge, this option lowers monthly payments and increases cash flow.
Does your client need to free up cash flow? Expect their financial situation to improve in the near future? Whatever the reason, this short-term option may be their best solution.