What is a Stated Income Home Loan?
Stated income home loans allow those who are self employed or do not have documentation of earned wages to state a wage and qualify for a mortgage based on that stated income. The advantages of a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional home loans. The disadvantages of this type of Milwaukee loan are that interest rates and the required down payments are often higher than with traditional home loans.
First Time Buyer Loans
Many people dream of owning a home in Milwaukee but the home loan process can be confusing for many first time home buyers. At Superior Internet Solutions our mortgage brokers can offer first time buyers with many home loan options and assists the buyer in finding the best home loan for them. First time home buyer programs can offer lower interest rates, low down payments, or reduced taxes. Contact your Milwaukee mortgage broker to discuss the details of each option and begin to realize your dream of home ownership in Milwaukee.
Milwaukee Real Estate Information
At Millennium Mortgage of WI we offer real estate information in Milwaukee and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 888.968.8808.
