Non-QM Lending Pro's and Con's

[Miles Fulton]

Hello All,

As I learn more about Non-QM and the Investor options available from these lenders my curiosity increases for a few reasons. Other forums on here (that I've seen) have not been positive. It seems like a good option and some of the companies that offer it have additional "investor" focused programs (Bank statement and cash flow based mortgage and jumbo loans, solid cash out refi programs). If you have experience with Non-QM, what was the downside/turn-off and what are the advantages? What other methods do you prefer? Any and all info appreciated!