Finance
A NC 'non-QM' (non-qualified mortgage) loan may be appropriate for:
AAll first-time homebuyers
BSelf-employed borrowers or investors who cannot document income under standard QM guidelines but have strong assets or other compensating factors✓ Correct
CAll buyers in rural areas
DOnly commercial property buyers
Explanation
Non-QM loans are used for borrowers who fall outside standard QM guidelines — such as self-employed individuals with irregular income or investors using asset depletion — and typically carry higher rates/fees to compensate for increased risk.
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