No-Document Loans: The Phantom Of The Banking World

n Stated Income Loans: Borrowers state their earnings with out providing proof, relying primarily on their credit score history and property worth.
Stated Income, Stated Assets (SISA) Loans: Both income and property are said with out verification.
No Income, No Assets (NINA) Loans: Neither revenue nor assets are disclosed or verified. Lenders base the mortgage primarily on the property and borrower’s credit rating.
No Ratio Loans: These loans do not think about the borrower's debt-to-income (DTI) ratio, once more focusing on credit score scores and down c



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