# Interest-Only Non-QM

> Interest-Only Non-QM serves a timing, documentation, collateral, or borrower profile outside ordinary channels

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:alternative-finance:interest-only-non-qm` |
| Family | Alternative & Non-QM Finance |
| Domain | Economics |
| Era | Agentic Age |
| Kind | concept |
| Archetype | The Pattern |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Interest-Only Non-QM is a concept in the Alternative & Non-QM Finance family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Interest-Only Non-QM serves a timing, documentation, collateral, or borrower profile outside ordinary channels.

## Why it exists

It exists because place is unique and immovable while law, capital, information, and human lives must still coordinate around it across time.

## System mechanics

- **Who uses it:** owner, occupant, buyer, seller, lender, investor, steward, regulator
- **Incentives:** access, certainty, control, value, continuity
- **Inputs:** place, people, records, rules, resources, time
- **Outputs:** rights, constraints, uses, relationships, consequences
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Interest-Only Non-QM serves a timing, documentation, collateral, or borrower profile outside ordinary channels
- **Gift:** Clarity about interest-only non-qm makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When interest-only non-qm is treated as neutral or inevitable, its costs can be shifted to people who hold less information, authority, liquidity, or mobility.
- **Failure mode:** The failure mode appears when interest-only non-qm is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

- **Personal:** Notice where interest-only non-qm appears as a structure in your own commitments: what is held, promised, priced, protected, excluded, or deferred?
- **Business:** Interest-Only Non-QM reveals a handoff among information, authority, incentives, operating work, and capital. Make the owner of each handoff explicit.
- **Financial:** Interest-Only Non-QM changes the timing, priority, comparability, liquidity, or distribution of cash flow and risk.
- **Property:** Interest-Only Non-QM changes how a physical place can be used, valued, financed, transferred, occupied, maintained, or reclaimed.
- **Community:** Interest-Only Non-QM can create benefits inside one parcel while exporting costs or opportunity to neighbors, institutions, or future residents.

## Divination

The Pattern enters the reading through Interest-Only Non-QM. The issue is not only what is visible; it is which map of ownership, time, risk, authority, or belonging currently governs the situation.

**Question:** What changes when Interest-Only Non-QM becomes the unit of analysis?

**Guidance:** Shift scale, clock, stakeholder, boundary, and claim layer before choosing a move.

## Game function

Creates a graph move that changes the active map. Initiative 1.

## Relationships

- **HUD 184 Loan depends on Interest-Only Non-QM.** HUD 184 Loan depends on Interest-Only Non-QM through a change in rights, information, cash flow, priority, timing, or physical use.
- **Asset-Depletion Loan documents Interest-Only Non-QM.** Asset-Depletion Loan documents Interest-Only Non-QM through a change in rights, information, cash flow, priority, timing, or physical use.
- **Interest-Only Non-QM transfers into Hard-Money Loan.** Interest-Only Non-QM transfers into Hard-Money Loan through a change in rights, information, cash flow, priority, timing, or physical use.
- **Interest-Only Non-QM constrains Loan Estimate.** Interest-Only Non-QM constrains Loan Estimate through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Use Value versus Exchange Value
- Speed versus Diligence

## Historical lineage and regulatory context

Read Interest-Only Non-QM through the lineage of Alternative & Non-QM Finance: earlier customary or local arrangements became recorded, standardized, financed, regulated, digitized, or contested over time.

Rules vary by jurisdiction and transaction. Use the cited primary sources as starting points and verify current local law, program guides, contracts, and professional standards before operational use.

## Visual direction

Text-free rounded-square enamel artifact for Interest-Only Non-QM: one dominant symbolic mechanism with a restrained secondary counterforce; vitreous midnight enamel, blackened steel, warm brass, copper accents, mortgage-paper cream, deep green, slate, and sky blue.

## Engine output / Sentinel handoff

The generative interpretation above is preserved as Engine Output. Sentinel factors: jurisdiction-specific rules, factual uncertainty. These factors request contextual review; they do not delete or silently rewrite the candidate.

## Research / provenance

- [Ability-to-Repay and Qualified Mortgage Rule](https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/ability-repay-qualified-mortgage-rule/) — Consumer Financial Protection Bureau; ATR/QM and residential underwriting.
- [Comptroller's Handbook — Commercial Real Estate Lending](https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/commercial-real-estate-lending/pub-ch-commercial-real-estate.pdf) — Office of the Comptroller of the Currency; CRE lending, DSCR, debt yield, cap rate, valuation, risk.
