Due to the fact that the mortgage is not allowed to exceed ninety percent of the land’s value, the borrower who wanted to make the no income mortgage would have to be prepared to make a down payment of nothing less than ten percent, or they should have ten percent equity if [...] No Income Mortgage – Pros and Cons As no income loans do not need to be made under the guidelines (VA or FHA), you have no limit when it comes to the size of the mortgage you wish to make.
New Jersey Real Estate

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