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Are you looking for a mortgage and you know proving your income is going to be a problem? There are programs that are designed specifically for those that have trouble proving their full income. They are called no doc mortgages or stated income mortgages. Here are the situations that are perfect for no doc mortgages. If you are a self employed individual, then you are exactly the type of person that the no doc programs have been designed for. When these programs first came about, they were used only for self employed individuals and the requirements were not easy. You had to have perfect credit, but now you just have to have pretty good credit. Another type of individual that the no doc mortgage is for is the tipped employee. We all know that if you are a bartender or server or you work for tips doing something else, then you know that you don't claim all of your tips. This makes it hard to prove that you make what you really make and it will make it hard to get a mortgage without using a no doc program. The last situation that is perfect for a no doc mortgage is the independent contractor. This could be a sales representative or somoene working in the construction field. This is the type of person that gets paid by cash, personal check, or money order and does not claim all of their income due to expenses and other reasons. The no doc program is perfect for you. No doc mortgages are not hard to find and just about every bank and mortgage company has a no doc or stated income program for those that cannot qualify for a normal mortgage. You will have to expect your rate to be a bit higher and you will need to have good credit to qualify, but this might be the best choice for you. Discover the companies that do No Doc Mortgages. Go here for more info: No Doc Mortgages
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