Understanding Non-Qualified Mortgage Rates And How To Get The Best Deal

If you're looking to purchase a home, you're probably aware of the various types of mortgages available to you. One type that you may not have considered is a Non-QM or non-qualified mortgage loan. Non-QM loans are an excellent option for people who may not meet the strict guidelines of a traditional mortgage. These loans have more flexible underwriting requirements and may be more accessible to people who have unique financial situations.

At Mortgage Queen Florida, we specialize in non-qualified mortgage loans and helping borrowers get the best deal possible. Our team of experts will work with you to understand your unique financial situation and find a loan that fits your needs and budget.

Because non-QM mortgages don't fit into the government-sponsored guidelines, they often come with higher interest rates. But that doesn't mean you can't get a great deal on a non-QM mortgage. Here are some tips to help you get the best rate possible:

Img 1.jpg

Shop Around

Don't settle for the first non-QM mortgage offer you receive. Instead, shop around and compare rates from different lenders to find the best deal.

Img 2.jpg

Keep Your Credit Score Up

While non-QM mortgages are designed for borrowers with less-than-perfect credit, having a higher credit score can still help you get a better rate.

Img 3.jpg

Make A Larger Down Payment

Putting down a larger down payment can lower your interest rate and save you money in the long run.

Img 4.jpg

Work With A Reputable Lender

Choosing a non-QM mortgage lender with a proven track record of success and customer satisfaction can help you secure a better rate and ensure a smooth loan process.

Contact Mortgage Queen Florida today to learn more about non-qualified mortgage loans and how we can help you secure the loan you need to achieve your homeownership dreams.

Apply Now