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No proof of income mortgages means a Self-Certified mortgage. A Self-Certified mortgage means that you do not want to tell the mortgage underwriter your exact earnings.

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Q: What is meant when one says that there is no proof of income mortgages?
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What exactly meant by mortgage in the banking terminology?

The mortgage is the document that says the loan is secured by the property and if not paid the bank has the right to take the property.


What is the procedure if a pay day loan company says there suing you for fraud theft by deception do to loan over Internet when you did pay it back?

First if you have any proof of sending the money like a receipt show it to the court or the company first anyway if they continue to sue you will win with the proof.


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Absolutely! It is your right as a US citizen to challenge anybody who says you owe them money. If they cannot produce the proof that you owe them that debt, then they cannot legally attempt debt collection on you.


Does child support count as income for a mortgage?

No as it is not permanentI just had two mortgage brokers tell me that if you received it for the last three months and there are several more years left before the child is 18, it IS income. creditinfocenter.com says, "Alimony and Child Support Income - Must be received for the 12 previous months and continue for the next 36 months. Lenders will require a divorce decree and a court printout to verify on-time payments.


You have paid your credit card balance up in full but your next statement says you still owe money?

You need to check your records to know that you have proof that you have paid. then get a photocopy of that proof and send it to the credit card company with a letter (keep a copy) explaining that the payment has been made. The c c company should clear it up, but expect to have a long correspondence!

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What is the income consumption curve?

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