Cardinal Financial Wholesale has unveiled a nonqualified mortgage (non-QM) loan product suite tailored for borrowers with unconventional financial profiles. The suite aims to enhance broker capabilities, providing them with advanced technology and various loan products like Non-QM Prime and Non-QM Prime Plus. These loans offer flexible documentation requirements especially for self-employed individuals. Additionally, there are investor-oriented products to finance properties based on cash flow or for international investors. Despite their rising popularity, non-QM loans may carry higher interest rates and monthly payments, reflecting their lenient qualification criteria.
"Our Non-QM suite equips brokers with a comprehensive solution to meet diverse borrower needs...provides the tools brokers need to excel."
"Non-QM loans are more lenient with qualification requirements like credit scores and income, but they can be more expensive due to higher rates."
#nonqualified-mortgages #broker-solutions #home-financing #self-employed-borrowers #real-estate-investing
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