No Doc Mortgage Loans?

Answer

A no doc loan is a home or a mortgage loan which does not require documentation of documents, for verification of one's income. The loan is ideally suited to investors, borrowers, independent contractors, ex-bankrupt or clients with arrears on mortgages and self employed persons are not accepted by traditional lenders. The loan is usually of higher risk profile and is more expensive compared to traditional loans.
Q&A Related to "No Doc Mortgage Loans?"
1. Educate yourself on no doc mortgage loans. These aren't standard policies and will require a little more effort to find than typical mortgages. However, they are out there if you
http://www.ehow.com/how_5850449_locate-doc-mortgag...
The essential difference between a recourse and. non-recourse. loan has to do with which assets a lender can go after if a borrower fails to repay a loan. As a matter of principle
http://www.investopedia.com/ask/answers/08/nonreco...
When inside gmail you can't use a file picker to attach a google doc directly to a message. You need to download the doc first. Frustrating.
http://www.quora.com/What-are-the-problems-with-Go...
DTI measures the borrower's ability to pay the loan obligation. To determine the borrower's monthly debts, lenders add all her minimum monthly debt payments due, as reported on her
http://www.ehow.com/about_6621611_debt-ratio-loans...
1 Additional Answer
Ask.com Answer for: what is a no doc loan
What Is a No Doc Loan?
No Doc (no documentation) loans are a type of mortgage loan for the purpose of purchase or refinance of residential real estate. The feature that has made them interesting is that they do not require documentation of income or assets. Also known as NINA... More »
Difficulty: Easy
Source: www.ehow.com
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2015 Ask.com