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  2. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    For this reason most no doc loans are for business purposes or are for investment in something other than residential property. Private money is the main source of no doc loans, often with interest rates charged at 2% to 6% per month (24% to 72% p.a.). Non-conforming lenders focus on the lower risk no doc loans and offer more competitive ...

  3. No-doc mortgage: What is it and can you still get one? - AOL

    www.aol.com/finance/no-doc-mortgage-still-one...

    Cons. Few lenders offer these loans in 2024. You’ll need a good credit score and lots of liquid assets to qualify. No-doc mortgage loans usually come with higher interest rates.

  4. What Are No-Doc Loans? How to Get a No-Income-Verification ...

    www.aol.com/news/no-doc-loans-no-income...

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  5. 7 Best Investment Property Loans To Help You Make Money When ...

    www.aol.com/7-best-investment-property-loans...

    A real estate investment can diversify your portfolio and produce significant returns on your investment over time. But unless you have cash to buy the property outright without jeopardizing your ...

  6. Stated income loan - Wikipedia

    en.wikipedia.org/wiki/Stated_income_loan

    A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. [1]

  7. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    Low-doc loans carry a higher interest rate and were theoretically available only to borrowers with excellent credit and additional income that may be hard to document (e.g. self-employment income). As of July 2010, no-doc loans were reportedly still being offered, but more selectively and with high down payment requirements (e.g., 40%). [4]

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