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marga1511 · Joined: 13 Nov 2009 Posts: 42 0.02 Dollars($)

What exactly is a Stated Income Stated Assets (SISA) mortgage loan?

JKennedySLG · Posted: Mon Dec 14, 2009 2:40 pm Post subject:

You'll be required to state your income and assets to your Lender as apposed to the Lender requiring you to verify these figures with documentation. The interest rate is generally a bit higher and the Loan To Value will be reduced compared to Conventional Loan Products. I hope this helps...

gmakerley · Posted: Mon Dec 14, 2009 8:52 pm Post subject:

furthermore, the assets you claim to have must be reasonable based on the income that you claim to have; and the income you claim to have must be reasonable based on the type of employment (or self-employment) that you have.

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