Not all loans are the same Similarly with consumers, SMSF trustees have a choice of lenders and loans that are allowable under the SISA. However, not all loans are the same. As a result, some loans.
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This was especially true with so many lenders offering Stated Income and Stated Asset (SISA) loans. While few borrowers or their brokers have suffered drastic.
Hedge Fund, Stated Income-Stated Asset (SISA) Loan Product for Residential or Commercial 2) True Stated Income, Stated Asset Purchase or Refinance Loan Loan Amounts to $2,000,000. Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8yr ARMs – fixed then adjustable for remainder of 30 years. Rates from 7.9% and 2 points.
A stated income-stated asset mortgage (SISA) loan application allows the borrower to declare their income without verification by the lender.
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– The second type of loan available to a person is a Stated Income Stated Asset or sisa loan. sisa loans usually fall under the Alt-A category and it may have a higher interest rate than traditional lenders. Those who are self-employed often use a SISA loan, because their income tax returns don’t show the actual cash flow available to pay a loan.
(Stated income loans still exist for real estate investors, however, because they aren’t purchasing an owner-occupied home.) That leaves some borrowers at a disadvantage, especially self-employed borrowers. But, the good news is that there is a type of loan called a bank statement loan (also.
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Here are many questions to consider when you are choosing the right loan program for your needs. Our Loan. Stated income, stated asset program (SISA).
SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. loosened lending requirements allowed the SISA loan to. This loan program is an adjustable rate mortgage with added flexibility of making one of several possible payments on your mortgage every month, in.
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