What Is A No Doc Mortgage Loan

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Posted on December 19, 2018 at 05:28 AM

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Recent Posts For What Is A No Doc Mortgage Loan

No Documentation Mortgage (No Doc) - Investopedia
The no documentation mortgage (No Doc) has no supporting evidence of a borrower's income. Instead, the loan realizes based on a declaration confirming the borrower can afford the loan payments.
Do No Doc Mortgages Still Exist? | Mortgage Rates ...
Do No Doc Mortgages Still Exist? ... The most infamous of the no doc loans was the NINJA loan, with No Income, No Job or Asset verification required. ... The only catch for these great no doc ...
No doc loan - Wikipedia
No Doc Loans. No doc loans do not require any supporting evidence of the borrowers income, just a declaration confirming that the borrower can afford the proposed repayments. This is known as an asset lend as the assessment of the loan is primarily focused on the saleability of the security property and the proposed exit strategy.

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