{"id":3106,"date":"2023-01-16T06:00:00","date_gmt":"2023-01-16T14:00:00","guid":{"rendered":"https:\/\/ahlfunding.com\/?p=3106"},"modified":"2023-01-02T22:07:05","modified_gmt":"2023-01-03T06:07:05","slug":"how-to-effectively-communicate-the-terms-and-conditions-of-non-qm-loans-to-borrowers","status":"publish","type":"post","link":"https:\/\/ahlfunding.com\/how-to-effectively-communicate-the-terms-and-conditions-of-non-qm-loans-to-borrowers\/","title":{"rendered":"How to effectively communicate the terms and conditions of non-QM loans to borrowers"},"content":{"rendered":"\n<p>When borrowers are considering a non-QM loan, it is important to understand the terms and conditions that come with taking on such a loan. As an non-QM provider, here are some key points to effectively communicate to potential borrowers:<\/p>\n\n\n\n<ul>\n<li>Developing a credit score model to assess potential borrowers<\/li>\n\n\n\n<li>Offering lower down payment requirements<\/li>\n\n\n\n<li>Creating a loan product specifically for self-employed borrowers<\/li>\n\n\n\n<li>Offering better rates for borrowers with a history of paying on time<\/li>\n\n\n\n<li>Setting higher debt-to-income ratio requirements<\/li>\n\n\n\n<li>Introducing an asset verification program<\/li>\n\n\n\n<li>Establishing an income verification requirement<\/li>\n\n\n\n<li>Offering private mortgage insurance on certain loans<\/li>\n\n\n\n<li>Allowing for co-borrowers on certain loan products<\/li>\n<\/ul>\n\n\n\n<p>These points provide the potential borrower with a better understanding of the risks and benefits that come with a non-QM loan. It is important to ensure that the borrower is aware of the terms and conditions of the loan and what they will be liable for.<\/p>\n\n\n\n<p>When communicating the terms and conditions of a non-QM loan, it is important to explain the differences between this type of loan and a standard QM loan. By doing so, it can help potential borrowers make an informed decision when considering their loan options.<\/p>\n\n\n\n<p>Finally, it is important to help potential borrowers understand the consequences of defaulting on a non-QM loan. This includes the potential for foreclosure and other legal action that could result from a borrower\u2019s inability to meet the terms of their loan.<\/p>\n\n\n\n<p>By taking the time to effectively communicate the terms and conditions of a non-QM loan, it can help potential borrowers make an informed decision and ensure they understand the risks they are taking on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When borrowers are considering a non-QM loan, it is important to understand the terms and conditions that come with taking on such a loan. As an non-QM provider, here are some key points to effectively communicate to potential borrowers: These points provide the potential borrower with a better understanding of the risks and benefits that [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[55],"tags":[],"_links":{"self":[{"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/posts\/3106"}],"collection":[{"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/comments?post=3106"}],"version-history":[{"count":2,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/posts\/3106\/revisions"}],"predecessor-version":[{"id":3119,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/posts\/3106\/revisions\/3119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/media\/3116"}],"wp:attachment":[{"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/media?parent=3106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/categories?post=3106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ahlfunding.com\/wp-json\/wp\/v2\/tags?post=3106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}