Non-qualified mortgages are creating a buzz in the mortgage industry.
Lenders are increasingly providing more options for borrowers whose unique financial circumstances make them better suited for non-qualified mortgages (non-QMs) as a path to homeownership.
MPA TV speaks with ACC Mortgage president Robert Senko about the nuances of the growing non-qualified mortgage space. In this clip, viewers can find out how non-QMs can allow lenders to service a wider range of borrowers. Viewers can also learn how to avoid some common pitfalls associated with these products.