It sometimes can be very stressful to purchase a new home. And what makes it more difficult is the process that comes along with it more especially if you

lack the required documentation to get a traditional home loan. Those who can not provide tax returns or mortgage finance statements like self employed

individuals, work on a freelance or contract basis are often at a loss when it comes to providing ample proof that they are in fact credit-worthy when it comes to their incomes.

Ask yourself; is a no doc home loan right for me? Before anything else, you must weigh in the pros and cons of the action.

Lenders identify with your financial state. If it is different does not indicate that you should be reprimand or deprived of the chance to buy or refinance a home loan. This results to no doc home loans; this was intended to help those who are regarded as non-traditional income earners. But this comes with certain costs.