President and founder, Greenbox Loans Inc.
By Raymond Eshaghian
Non-qualified mortgages can
be a good catch once you know
how to measure their worth
Illustration by Dennis Wunsch
The mortgage industry is seeing a growing demand for
non-qualified mortgages. These are typically quality
loans that simply fall short of meeting the strict “qualified
mortgage” standards set for loans that are purchased
and securitized by the government-sponsored enterprises Fannie Mae and Freddie Mac.
The expanding popularity of non-qualified mortgages
is a blessing for many borrowers who have
not been able to qualify for a mortgage using
traditional financing options. By making such
alternative-financing options available to borrowers,
mortgage originators have the opportunity to help many
qualified borrowers and their families purchase their
dream homes.
