Stated Income and No Doc loans

Written by Andre McFayden


Continued from page 1

3) No Ratio – we have heard of two types of no ratio: one with income and assets stated and verified, andrepparttar other with no income stated or verified.

4) No Income, No Assets (NINA) – no income or asset information is stated or verified. Loan approval is based on credit score and down payment. Some lenders do require proof of employment while some do not.

5) No Income, No Employment, No Assets – this is considered a “true no doc” where no income, employment or asset information is stated or verified.

To learn more about these types of loans, visit Empire Real Estate – About Stated Income and No Doc Loans .

This article may be reprinted only if credit is given and all links are kept intact.

Copyright©2005 Empire Real Estate Group, Inc.

Andre McFayden is Vice-President of Empire Real Estate Group, Inc. in Fresno, CA www.empirefresno.com


Drowning in Debt? Tips and Tricks for Getting Out of Hot Water with Creditors

Written by Beth West


Continued from page 1

· Go to counseling. Credit counseling, that is. Many credit counseling organizations will help you come up with a feasible solution for ridding yourself of debt. You can find credit counselors onrepparttar Internet, and many credit unions, universities and military bases provide credit counseling programs. Also, get in touch with your bank, friends, and/or family for a recommendation.

Some ofrepparttar 112002 services credit counselors provide: Advice on how to manage your debt, assistance in developing a budget, and classes and workshops that are geared towards teaching consumers about money management, credit card debt, and budgeting. Counselors can also recommend a debt management plan (DMP), which allows you to make monthly deposits torepparttar 112003 specific counseling organization that you’re working with. Your counselor will then develop a payment schedule with your creditors that includes lower interest rates or waives certain fees.

For more suggestions and information on how to manage your credit card debt, please visit http://www.informedcredit.com

Beth West has an extensive background in marketing and public relations, including management positions in the hospitality and software industries. Currently serving as the Director of Marketing for InformedCredit.com, she is also hoping to launch a freelance writing business.


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