👉 The mortgage weapon, also known as the "mortgage shield," is a financial tool used by lenders to reduce the monthly mortgage payments for borrowers with lower incomes. By structuring the loan in this way, lenders can offer more affordable payments to eligible borrowers, often those who might otherwise be unable to qualify for traditional mortgages. This is achieved by adjusting the loan's terms, such as the interest rate and monthly payment amount, based on the borrower's income and other qualifying factors. The mortgage weapon allows lenders to expand their customer base while still maintaining profitability, but it can also lead to complex financial situations for borrowers if not managed properly.
