What is a Non Traditional Mortgage Loan?
#Nontraditional lending. What is non traditional mortgage lending? Nontraditional loans are unique loans that don ‘t meet the requirements of traditional or conventional loans. Nontraditional mortgages generally are easier obtainable in terms of credit history and the debt/equity ratio (DTI) but can cause significant risks. What Is a Nontraditional Mortgage Loan? Nontraditional mortgages are specialized…