Qualifying for a mortgage isn't as difficult as you may think.A recent study by Fannie Mae found that most people think that the requirements for getting a mortgage are more stringent than they actually are.
Having trouble getting the mortgage you want because of credit problems or irregular income? Or because conventional mortgages don't offer the features you're looking for, like interest-only payments or a balloon term? Then a non-QM loan might be right for you.
Like many types of loans that were easy to get years ago during the housing crisis, home equity loans and other loans to cash out on equity in rental properties were relatively easy to get.Now, not so much.
Buying a condominium is often the choice of people who value convenience.But getting that convenience means you have to put up with a few extra challenges when it comes to qualifying for a condo mortgage.