Question 1

Is non-QM the same as subprime?

Accepted Answer

No. Ability-to-repay rules apply to every non-QM loan. The documentation is alternative, not absent.

Question 2

What is an alternative documentation (alt-doc) loan?

Accepted Answer

A loan that verifies your ability to repay through documents other than tax returns: bank statements, a CPA-prepared P&L, your assets, or a property's rental income. Every program on this site is a form of alternative documentation lending. Different paperwork, same rigor.

Question 3

I was already declined. Why would this be different?

Accepted Answer

Because a decline is a verdict on one file format, not on you. A conventional underwrite read your tax returns; a non-QM program can read your bank statements, your assets, or your property's income instead. Same facts, different documentation, and very often a different answer.

Question 4

Will finding out hurt my credit?

Accepted Answer

No. The scenario review uses no credit pull. Nothing is pulled until you decide to move forward on a real file.

Question 5

Are the rates higher than a bank's?

Accepted Answer

Typically somewhat higher than agency loans, reflecting the documentation flexibility. The comparison that matters is against not closing at all.

Question 6

Do you only handle non-QM?

Accepted Answer

Non-QM is the specialty. When a scenario fits a conventional loan better, I'll say so and point you down that path. That's commitment three, and it's not negotiable.

Question 7

How fast can these close?

Accepted Answer

Many non-QM files close on conventional timelines, and some faster, because the documentation fits the borrower instead of fighting them.

Question 8

What is an Equity Acceleration Mortgage?

Accepted Answer

A first-lien line-of-credit structure where deposits offset principal daily and interest accrues on the net balance. Sometimes described generically as an all-in-one or offset-style loan.

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