Alejandro Lockhart

Higher Interest Rates: Due to the elevated risk to the lender, interest rates on no-doc loans are often higher than conventional loans. Larger Down Payments: To offset the chance, lenders often require a larger down payment, making it less accessible for many who may not have substantial initial capital. Stricter Credit Requirements: You generally need a superb credit score score to qualify, as lenders rely heavily on this as an indicator of your capability to repay. Limited Options: Fewer...