It’s a bank statement loan. (also called an Alternative Documentation loan)
If for some reason you can’t provide standard income documentation for a mortgage (W-2’s, Paystubs, and last two years Tax Returns), then you just provide your last 2 years bank statements. …or there is also a 12 month bank statement option.
For more details on exactly how this product works I’ve created a page on my web site to explain it.
Here is the link: http://loansdonequickly.com/alternate-documentation-loan/
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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