Virtual: Lunch & Learn: Exploring Non-QM Loans

Non-QM loan, or a non-qualified mortgage, is a type of mortgage loan that allows an individual to qualify based on alternative methods, compared to common methods used for loans underwritten to Fannie Mae, Freddie Mac & Government (FHA, VA, USDA) guidelines. 

Realtors will walk away with an overview of Non-QM programs that will help them identify potential clients that don’t qualify for a conventional or government mortgage.  Having the knowledge of such non-traditional mortgage options that are available to consumers will help realtors gain an edge in the industry. By gaining an understanding of these programs, realtors will be able to build new relationships and help grow their business.  

Learning objectives include:

• Understanding the difference between a Qualified Mortgage vs. Non-Qualified Mortgage
• Understanding different income solutions that DON’T require tax returns for individuals that are Self-employed or 1099 Independent Contractors
• How individuals qualify that have a lot of assets but NO income
• How INVESTORS qualify with no income or employment
• How individuals can purchase a Primary Residence with NO income or employment
• Understanding ITIN Mortgage Solutions
• Exploring mortgage options for individuals who had a recent foreclosure, bankruptcy, short-sale, deed-in-lieu, mortgage delinquencies 

Presented by: NJ Real Estate Instructor Brian Kordell

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