no-doc loan

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no-doc loan

Short for “no document”loan, it typically covers three situations in which borrowers cannot or will not provide the documentation typically necessary to evaluate their ability to pay back a loan: (1) a borrower who has regular self-employment income but no tax forms from an employer, (2) wealthy individuals with complex financial lives showing large tax losses every year but an amazing ability to live lavish lifestyles (also called no-ratio loans),and (3) wealthy people with substantial assets but who want maximum privacy and refuse to supply any documentation. All three groups are going to pay high interest rates as a result of their lack of documentation.

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no-ratio loans			I know of at least one person who obtained a no-doc loan at 11% annual interest while normal rates were a little below 6%. No-Doc Loans - Buying A House without A Job by Steven Gillman / Real estate industry community No-doc loans in GreenPoint's portfolio have performed well even in the worst markets, including minimal to no losses during the bad stretch of years from the late 1980s to the mid-1990s, according to Ibrahim. Pushing the edge on alternative-A by Stowe, Robert / Mortgage Banking			Nizaam al-Misahah Nizaam al-Muqaasamah NL NLG NM NMS NO No Adjournment no bid No Book no buy, no pay clause no deal, no commission clause No docs no further action letter No incluido en el resultado del ejercicio No Par No Protest No Quote No rescatable No Substitution No-Action Letter No-Asset Loan No-Brainer No-Change Scenario No-Cost Mortgage no-doc loan No-Income Loan No-Load DRIP No-Load Fund No-Load Mutual Fund No-Load Stock No-Net-Sales Policy No-Par-Value Stock No-Ratio Loan no-ratio loans Noah Effect NOB spread NOBO NOI Noise Noise Trader Noise Trader Risk Noisy Chaos NOK Nome fantasia Nominal Nominal Account Nominal Anchor Nominal Annual Rate Nominal Cash Flow nominal consideration			No-ball No-ball no-balled no-balled no-balling no-balling no-balls no-balls No-Bid No-bid contract no-bottom sounding no-brainer no-brainer no-brainers no-brainers no-break power No-Change Scenario no-claim bonus No-claims bonus no-claims bonuses no-claims discount no-claims discounts No-Contact Order No-contest clause No-contest clause No-Cost Extension No-Cost Mortgage no-count No-Cry Sleep Solution no-cut rounds no-doc loan no-draft forging no-effect level, no-observed-effect level No-Effect Limit Dose No-Evidence Limit No-eye pea No-eye pea No-eyed pea No-eyed pea no-fault no-fault no-fault auto insurance No-fault divorce No-fault insurance No-fault insurance No-fault insurance No-fault liability No-fault liability No-fault liability No-FEAR no-fines concrete no-fire area no-fire line no-fire line no-fly zone no-fly zone No-fly zones no-frills No-Frills Carriers no-go no-go

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