Non-QM secrets waiting to be discovered

Financial risk is also low. For Acra Lending, LTV is typically 75% for purchases and 70% for refinances.

The broker’s job is to know the full details of the property, such as the number of bedrooms and bathrooms.

read more: Evidence that non-QM Lender Partners are not involved long-term

There are clear benefits for the end user as well. The cost of traditional adult care homes can run into the hundreds of thousands of dollars. A single room in a nursing home could cost him $297 a day, or over $9,000 a month, according to Genworth’s 2021 Medical Costs Study.

“The monthly cost can be staggering, so it can be affordable,” says Fox. “Many people with fixed income either don’t have those assets or have no monthly income. I’m looking for something.”

Leave a Comment