If you’re worried that you may not qualify for a traditional loan, there is an alternative. An “Alt Doc Loan” allows you to get the loan you want in a different kind of way. These loans may be the solution that you’re looking for, letting you get the money you need in a simple, easy way. In this blog, we’ll describe how these loans work, as well as how you can get them from us at US Direct Lender.
Alt Doc Loans Explained
The “alt” stands for “alternative.” So, with these loans, you can use alternative documentation to acquire them. That means that you don’t have to use traditional methods to verify your income. You don’t have to use tax returns any more. Instead, you can verify your income using more unique means, such as investment statements. Many of our clients also use bank statements. Those are just a few of the many ways that we can verify your income to give you the loan that you’re looking for.
Who are these Loans for?
This isn’t going to be the right loan option for everyone. For example, these particular loans work particularly well for those who are self-employed. You may not have those pay period to pay period statements that most other employees will. You don’t have to be someone that’s self-employed, however, for this to be the best loan option for your needs. In fact, many of the borrowers who utilize these loans have quite a bit of money. They happen to work in fields that primarily pay through commission. So, they might have quite a bit of money even though it tends to fluctuate. This is also a great option if you have sizable liquid assets, as well.
Why US Direct Lender
The simple answer is that we have quite a bit of experience with these loans. Depending on your situation, we can offer you pre-approval in one day. That means no more waiting, no more worrying about “am I going to be able to pay for this?” When you can get pre-approval for your loan in one day, it’s like you can go back out and live your life again. On top of that, we make sure that there are never any hidden or surprise fees, either. Your loan is your loan. We don’t put anything unnecessary on top of it.
We know that most people aren’t really up very knowledgeable about loans; they just want the best deal for their situation. That’s where we come in. We can help you to find the right loan option for you. Not everyone else, you. This is why we always suggest that potential borrowers reach out to us. That way, we can sit down with you and figure out the best loan choice for your needs. We succeed when you succeed, so we do everything we can to put you in the best, most advantageous position possible. To find the best option, give us a call at (626) 460-8900.