What is the return policy?

Most unopened items in new condition and returned within 90 days will receive a refund or exchange. Some items have a modified return policy noted on the receipt or packing slip. Items that are opened or damaged or do not have a receipt may be denied a refund or exchange. Items purchased online or in-store may be returned to any store. Online purchases may be returned via a major parcel carrier. Click here to initiate a return.

How long does it take to process a refund?

We will reimburse you for returned items in the same way you paid for them. For example, any amounts deducted from a gift card will be credited back to a gift card. For returns by mail, once we receive your return, we will process it within 4–5 business days. It may take up to 7 days after we process the return to reflect in your account, depending on your financial institution's processing time.

What is the policy for late/non-delivery of items ordered online?

Our local teams work diligently to make sure that your order arrives on time, within our normaldelivery hours of 9AM to 8PM in the recipient's time zone. During busy holiday periods like Christmas, Valentine's and Mother's Day, we may extend our delivery hours before 9AM and after 8PM to ensure that all gifts are delivered on time. If for any reason your gift does not arrive on time, our dedicated Customer Service agents will do everything they can to help successfully resolve your issue. Click here to complete the form with your order-related question(s).

When will my credit card be charged?

We'll attempt to securely charge your credit card at the point of purchase online. If there's a problem, you'll be notified on the spot and prompted to use another card. Once we receive verification of sufficient funds, your payment will be completed and transferred securely to us. Your account will be charged in 24 to 48 hours.

Will I be charged sales tax for online orders?

Local and State sales tax will be collected if your recipient's mailing address is in: Arizona California Colorado

Mortgage

February 07, 2024

the Secrets of No-Doc and Low-Doc Home Loans

Cracking the Code: Unveiling the Secrets of No-Doc and Low-Doc Home Loans

Buying a home is a thrilling yet often daunting venture, especially when navigating the maze of mortgage options. Traditional loans require extensive documentation, but what if your income doesn't fit the neat boxes of pay stubs and tax returns? Enter the intriguing world of No-Doc and Low-Doc home loans, your potential key to unlocking homeownership even with unconventional income streams.

What are No-Doc and Low-Doc Loans?

Imagine securing a mortgage without bombarding lenders with endless paperwork. That's the magic of No-Doc and Low-Doc loans. These unique options cater to individuals whose income falls outside the traditional paycheck structure, such as:

Self-employed individuals: Freelancers, consultants, and business owners rejoice! You can now showcase your financial strength without the limitations of standard employment verification.
Independent contractors: No regular paychecks? No problem! These loans assess your earning potential based on bank statements, contracts, and tax returns (for Low-Doc).
Investors: Expand your property portfolio even with fluctuating income from rentals or investments.
Credit-challenged individuals: Past financial hiccups shouldn't derail your homeownership dreams. No-Doc and Low-Doc options can offer a path to rebuilding credit.

Understanding the Nuances:

While these loans offer flexibility, it's crucial to grasp their key differences:

No-Doc Loans: As the name suggests, minimal documentation is required. However, expect stricter eligibility criteria, higher interest rates, and larger down payments due to the inherent risk for lenders.
Low-Doc Loans: A balance between traditional and No-Doc, requiring some income verification (bank statements, tax returns) while offering more flexibility than conventional loans.

Types of No-Doc and Low-Doc Loans:

No-Ratio Loans: Perfect for those who wish to keep their income private. Lenders rely heavily on strong credit and substantial assets to compensate for the lack of income verification.
No-Doc Loans: Ideal for situations where gathering income documentation presents significant challenges. Expect meticulous credit checks and higher interest rates.
Stated-Income (Low-Doc) Loans: Cater to individuals with fluctuating income. While income disclosure is required (usually for two years), flexibility is offered compared to traditional loans.

Is a No-Doc or Low-Doc Loan Right for You?

Carefully consider your financial situation and weigh the pros and cons:

Pros:

Access to homeownership with non-traditional income
Streamlined application process, especially for No-Doc loans
Privacy for those who prefer not to disclose detailed income information

Cons:

Higher interest rates compared to traditional loans
Larger down payments typically required
Stricter eligibility criteria, especially for No-Doc loans

Remember:

Consult a mortgage expert to determine the best option for your unique situation.
Explore alternative ways to document your income, such as contracts or bank statements, to potentially qualify for more favorable terms.
Understand the long-term financial implications of higher interest rates and larger down payments.

No-Doc and Low-Doc loans aren't a one-size-fits-all solution, but they can be a valuable tool for unlocking homeownership dreams for those with non-traditional income streams. Carefully assess your needs, consult with experts, and make informed decisions to navigate the path to your dream home with confidence.

Mortgage