non-qualifying loans

  1. 4,479 Posts.
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    My wife and I have eyed an investment property which we believe will be quite a little earner. I know this may sound stupid given the current state of the RE market, but this place is already renting for more than the mortgage repayments(even if rates rise by a couple of percent) and the rent hasn't gone up in years.
    Here's the catch. Because my wife and I are technically unemployed at present all the banks have told us that we have more than enough security but we don't have enough income to live off. I disagree but banks have their own figures and they don't seem to want to budge. I have heard that you can get loans from non-bank lenders who won't care about such matters. Can anybody give me some pointers regarding this?
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