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Stated Income - Low Document Loans Hawaii Mortgage Rates
Are you self employed or do you simply want to reduce
* Stated products may have higher interest rates or other fees
Stated income loans do carry higher Hawaii Mortgage Rates however they are a Hawaii Mortgage Loan that many people desire due to the simplcity of the paperwork required.
When we found a home in Hawaii we knew our life would change forever. Then we realized that all of our documents were packed away in a storage unit on the mainland. There was no way we were going to be able to find the documents needed. When we fould out that we could still be approved for a loan without all of the paperwork we were relieved. The slightly higher Hawaii Mortgage Rate was well worth not having to leave our new home behind.
Before we moved to Hawaii we worked for "the man" but once we moved here we left the nine to five and started our own business. We were making a good living and wanted to buy a piece of our beloved state. When we went to apply for Hawaii Mortgage Loans we were quickly informed that we must have more documentation if we were business owners, unless we did stated income. Since we had been in business for two years we decided to take advantage of the stated income loan.
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