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Quotes of the day:
An inexhaustible good nature is one of the most precious gifts of heaven, spreading itself like oil over the troubled sea of thought, and keeping the mind smooth and equable in the roughest weather.
No documentation mortgage (No Doc) has no supporting evidence of a borrower’s income. Instead, the loan realizes based on a declaration confirming the borrower can afford the loan payments. These mortgages are unregulated and do not meet the Consumer Credit Protection Act requirement to verify the borrower’s financials reasonably. The assessment of the loan is based mainly on the resale potential of the secured property and the repayment structure of the mortgage.
No Documentation Loan (No Docs Home Loan) Easy Home Loan Financing (Easy Loan) Stated Income
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