Stated Income Loans Are Back

In this video by Jeff Fink of L.A. mortgage, he announces that stated income mortgage loans are once again back, and at low interest rates. Of course this loan is not for everybody and qualifications have stiffened up.

However bad of a reputation that these stated mortgage loans, aka "liar loans", may have gotten, there is a place for them in the market.

As Jeff briefly states, these loans are good for self-employed individuals. The reason these loans are good for the self-employed is because of the way their income is calculated on a after tax bases.

Visit Future Planning Financial for more mortgage news at www.fpf-direct.com.