MORTGAGE ADVICE
What is a ‘Bank Statement’ Loan?
A relatively new home loan program, well one that has been around for four or five years, is called the ‘bank statement’ loan. Most every lender offers such a program albeit with different names. The evolution of this type of program was a result of mortgage lending restrictions introduced over a decade ago. The Consumer Financial Protection Bureau, or CFPB, put an end to so-called ‘no
...
David Reed
Writer
David Reed is a multi-published author and mortgage expert. As a Senior Loan Officer and Mortgage Executive he closed more than 2,000 mortgage loans over the course of more than 20 years in commercial and residential mortgage lending.
AGENT RESOURCE
