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  2. How long should you keep your student loan records and ... - AOL

    www.aol.com/news/2019-04-12-how-long-should-you...

    The tax forms concerning these student loans scenarios include: Form 1098-E: Also known as the Student Loan Interest Statement, this lender-sent form tallies your interest paid to help you claim ...

  3. Bank statement loan: What is it and who should get one? - AOL

    www.aol.com/finance/bank-statement-loan-one...

    A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders offer bank ...

  4. How long should I keep mortgage statements and documents? - AOL

    www.aol.com/finance/long-keep-mortgage...

    While you can discard monthly mortgage statements, it's important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan.

  5. 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]

  6. Mortgage note - Wikipedia

    en.wikipedia.org/wiki/Mortgage_note

    In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan.. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

  7. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    When the borrower refinances his/her loan, they can pay off the remainder of the debt. Example: If the borrower owes $1,500 in credit card payments and has a gross monthly income of $3,000, his DTI ratio would be 50%. But if the borrower owes $1,500 in payments and has a gross monthly income of $2,000, his DTI ratio would be 75%.

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