Stated Income, Stated Assets (SISA):SISA loans are mortgages that truly require no documentation at all. Instead, the lender simply takes your word for how much income and assets you have. This type of loan is not available for owner-occupied properties. But it’s still possible for real ...
Can I get a no-doc mortgage loan? Mortgage loanstypically require a large pile of paperwork, such as bank statements, W-2s, tax returns and more. There are a few exceptions that might work for some borrowers. For example, no income, no asset (NINA) loans are sometimes extended to real...
No income/no asset (NINA) mortgages are a type of reduced documentation mortgage program where the lender does not require the borrowers to disclose their income or assets as part of loan calculations. However, the lender does verify the borrower's employment status before issuing the loan. ...
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A no documentation mortgage is granted without supporting evidence of borrower income. Instead, lender depend on a declaration confirming they can make payments.
No Income / Verified Assets (NIVA) A no-income / verified assets loan can be used when a borrower has verifiable assets but no income documentation. As an example, a retiree may not have verifiable proof of income, but their assets can be confirmed by mortgage lenders. No Income / No As...
Notorious No-Documentation Loans Paying off for Some Mortgage LendersA loan product that almost crippled several big banks and thrifts in the early '90s is making a comeback.Timmons, Heather
Define Nodoc. Nodoc synonyms, Nodoc pronunciation, Nodoc translation, English dictionary definition of Nodoc. n. Abbr. tRNA Any of a class of RNA molecules that transport amino acids to ribosomes for incorporation into a polypeptide undergoing synthesis.
Nine states do not have a state income tax, but they have other revenue generating programs that can affect your tax bill.
No Doc LoansThe No Doc Loan program (no income, no asset, no fico) is the most streamlined No Doc Mortgage Refinance program offered. Unlike a Stated Income Loan the No Doc Loan requires NO documentation. Business Entities such as LLC, Partnerships, Corporations or Irrevocable Trust may ...