» Stated Income Homeowners Now Approved For Low Rate Mortgage Loans Nationwide

Not too long ago, many people were given mortgage loans by “stating” their income on their mortgage loan application. With these mortgage loans, no income verification was done. This was an excellent product for self employed borrowers especially because prior to the stated income loan, the borrower had to be approved using the income showing on their 1040. Many self employed borrowers could not be approved using the usual underwriting methods.


The problem has occurred when the rules changed once again. Stated income loans have been abolished. Those who are in a stated income mortgage note now and need to refinance to a lower rate or a fixed rate find they cannot do so. They are turned down on their refinancing loan application. Many are on adjustable rate mortgages and cannot afford the adjusted payments. Many have tried to refinance and are discouraged by repeatedly getting turned down for a new mortgage refinance.

Well now the majority of these borrowers can be approved regardless of credit or debt to income ratio. Borrowers who have been turned down for a mortgage refinance because they need a stated income loan or have been turned down because of a debt to income ratio need to take the next step and call Bill Burress, Nationwide Mortgage Expert. Bill Burress, Nationwide Mortgage Expert can get these borrowers approved for loan terms that will improve their situation by getting them lower monthly payments and lower fixed interest rates. Recently, borrowers have been approved for mortgage interest rates as low as 4.25% 30 year fixed.

Bill Burress, Nationwide Mortgage Expert has over 27 years experience in the mortgage business . For information on getting approved for a lower rate mortgage or any of your mortgage needs, You may contact Bill Burress, Nationwide Mortgage Expert at Toll Free 1-800-239-1416. or fill out the 30 Second Inquiry Form

Now originating mortgages and modifying loans in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin and Wyoming. Copyright © 2008- 2009 Bill Burress, Nationwide Mortgage Expert. All rights reserved worldwide.