Thanks for asking Blanca,
We can do stated income loans to 3.5 Million, this is for high net worth borrowers.
We can also do Alt Doc 12 months bank statements to 3.5 million. (70 % LTV max.)
The loans are adjustable with an initial fixed period of 3-7 years where the par rates are 3%-3.625%
(3.09 - 3.73 APR) Then 2.5 % over the 1 year treasury average after that.
They are the only game in town for many high end borrowers.
It can allow people to get cash out of their homes
It can help sellers sell their homes faster and for more money as they will have more borrowers
and it allows people who have been shut out of the market back in.