A no-ratio loan is intended for people who do not want to,
or could not, easily disclose their income.
When considering the risk of this loan, the lender looks at the assets
of the borrower—such as property ownership, business interests, stocks, bonds,
and money in the bank.
In addition to people with lots of assets, this type of loan
is also good for a person who has good or excellent credit, but is going
through a major life change—such as changing careers or experiencing divorce.
In the end, the choice of which mortgage option is right for
you should be made only have careful consideration, and after talking to a
qualified professional. The decision to
buy a home is not one that most people take lightly. The mortgage option that goes along with the
house should also be something that is taken just as seriously.