No-Ratio Loan
No-Ratio Loan
A documentation option where the applicant's income is disclosed and verified but not used in qualifying the borrower.
The conventional maximum ratios of expense to income are not applied. See Documentation Requirements.
| 单词 | no-ratio loan |
| 释义 | No-Ratio LoanNo-Ratio LoanA documentation option where the applicant's income is disclosed and verified but not used in qualifying the borrower. The conventional maximum ratios of expense to income are not applied. See Documentation Requirements. |
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