What is no documentation loans - Mortgage Glossary - A Glossary of Mortgage Terms You Should Know



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What Mortgage Market Niche Are You In?
October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more...

What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more...

no documentation loans related definitions

Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more...

Section 8 Homeownership Program
Section 8 Homeownership Program - American Dream Commitment Fannie-Mae and Freddie-Mac expand their underwriting requirements necessary for Freddie Mac to purchase mortgages originated under the Section 8 Homeownership Program, and pledge funds in form of Section 8 vouchers, also ... more...

More about no documentation loans

Get Free no documentation loans Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

No Income Verification Loans When Income Doesn't Show on Paychecks
Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099s - there is an exhaustive list of some of the forms that you may require to provide for a loan. Income documentation is not always easy for someone who is self employed or retired or for any person who doesnt have a ... more...

Making Sense of Mortgages
Understanding mortgages is no easy task. As a homeowner it is important to do your homework and shop around for the best mortgage. With all the choices available to you for your mortgage you might benefit from using a mortgage broker. A good mortgage broker can evaluate your situation and ... more...

Debt Consolidation for Self Employed Innovative Handling of Overgrowing Debts
Is every month like a constant struggle with bills payment piling up? Do you feel like not opening the bills? Are you thinking of ways to avoid it? If answer to any of these questions is yes then you are certainly heading for debt consolidation.Debt consolidation offers great support to self ... more...

Online Loan - Incorporating Technology in the Loans Process
The use of computers was introduced immediately after its launch by loan providers to ease their operations. Internet technology that resulted in the emergence of the online loans was introduced later. Necessity is the mother of invention. The adage aptly holds in case of online loans. Borrowers ... more...

Special Circumstances with your Mortgage
There is such a thing as special circumstances and these occur when your application is a little iffy. In these cases your mortgage application will be rejected or else the lender will ask you for some more information and documentation in order to deal with any problems that they feel have arisen. ... more...

Debt Consolidation for Self Employed - Innovative Handling of Overgrowing Debts
Is every month like a constant struggle with bills payment piling up? Do you feel like not opening the bills? Are you thinking of ways to avoid it? If answer to any of these questions is yes then you are certainly heading for debt consolidation.Debt consolidation offers great support to self ... more...

Creative Real Estate Financing
Do the creative real estate financing techniques you hear about really work? Yes and no. They likely have all worked somewhere for someone at least once. The important point is to understand the principles involved, so you can find your own creative ways to invest in real estate. Here are ten ... more...

Understanding the No Documentation Mortgage Loan
For most potential mortgage borrowers, the verification and documentation of the borrower's income is an important step. Most mortgage lenders will want to see full documentation of all the borrower's income, including wages, pensions, support payments and the like.There are, however, many people ... more...

Mortgage Refinancing for the Self Employed
As a self employed individual you may run into problems when it comes to mortgages and mortgage lenders. Mortgage lenders like to verify income before approving loans. For the self employed, many mortgage lenders want to document two years of self employment income. The documentation requested ... more...