“A Risky, Unconventional Mortgage Is on the Rise Again”

Tippett’s Snippet:

A large misconception here. Alternative underwriting does NOT constitute greater risk to a lender. Make no mistake, ALL MORTGAGES consummated today are thoroughly underwritten, well documented & pass the required Debt to Income requirements. This is merely providing an alternative. Hence it is vital to work w/ a seasoned, independent, mortgage professional who understands market trends, lender appetite, various underwriting methodologies, ability to repay and the nuances involved to successfully navigate a client to closing.

This story was originally featured on WSJ.com.