Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer 100% No Documentation mortgage programs, also known as "No Doc Loans," requiring no income, asset or employment verification. ATLANTA, GA (PRWeb) February 1, 2007 -- Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer 100% No Documentation mortgage programs, also known as "No Doc Loans," requiring no income, asset or employment verification.

"In addition to the convenience of requiring less paperwork than conventional loan programs, these No Doc loans can now be used in conjunction with Interest-Only programs, offering even more financial choices for the homebuyer," states Stephen Katz of Katz Mortgage Team. "Of course, borrowers can get a No Doc loan with a fixed rate or adjustable rate mortgage (ARM), but with the popularity of Interest-Only mortgages, we saw this as an added bonus for many of our customers. And speaking of bonuses, our 100% No Doc loans also require No Down Payment, No PMI, and No Escrows!"

Who wants a No Doc Mortgage? Well, according to Katz, one size does not fit all, stating, "Many of our borrowers' income doesn't come from a steady paycheck issued by an employer, so they can't easily validate their income or employment record with traditional documentation. An example of the type of borrower interested in a No Doc loan would be a self-employed individual who writes off a majority of their income for tax reasons; therefore their tax returns don't reflect their true financial picture. We also have commissioned or bonus-based salespeople as customers whose income fluctuates from month to month. Some homebuyers may have recently re-located and haven't been in their current job long enough to qualify for conventional financing, or are perhaps seasonal workers. And finally, we work with many retirees who live off their pensions and investments."

In all these cases, these borrowers certainly have the income and assets to qualify for a mortgage, but traditional loan programs requiring conventional documentation can sometimes hamper their ability to qualify for the type of mortgage they deserve.

Approval for 'No Doc' loans offered by Katz Mortgage Team is based on credit score, credit history and two-year housing history. "We'll pull your credit report and request an appraisal of the property you're looking to purchase - whether it's a single-detached home or a condo. But otherwise, that's pretty much all the paperwork we require," states Katz. "Of course, as with all loan programs, No Doc loans aren't for everyone, so please consult a reputable loan officer to advise you in choosing this or any mortgage program."

About Katz Mortgage Team
Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers in 24 states across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages, and a wide variety of Interest-Only loans attractive to real estate investors seeking investment properties.

About Amtrust Mortgage Corporation
A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Constantly expanding coverage, Amtrust currently operates in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington.

For more information, contact:
Stephen Katz - Senior Loan Officer
866 742-8400 (toll free)
www.KatzMortgageTeam.net


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