What does No-Documentation Loan mean?

A no-documentation loan is a type of loan that does not require the borrower to provide traditional documentation, such as pay stubs or tax returns. These loans are often used by self-employed individuals or those with complex financial situations.

Related Terms

Alkaline Soil Accelerated Cost Recovery System Federal Trade Commission Manufactured Housing English Tudor Style Neo-Traditional Planning Investment Related Savings Portfolio Lender Replacement Reserve Fund Contingency Listing Days On The Market Escrow Agent Initial Interest Rate Legal Description Tenants In Common Brokerage Aluminum-Clad Windows Joint Tenancy