No ratio loan
Definition
A documentation requirement 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
Related Terms Other terms related to 'No ratio loan' starting with the letter 'N' Net jumping, Non conforming mortgage, Negative amortization, No Cost mortgage, Nominal interest rate Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 