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  2. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    For this reason most no doc loans are for business purposes or are for investment in something other than residential property. Private money is the main source of no doc loans, often with interest rates charged at 2% to 6% per month (24% to 72% p.a.). Non-conforming lenders focus on the lower risk no doc loans and offer more competitive ...

  3. Paperless loan - Wikipedia

    en.wikipedia.org/wiki/Paperless_loan

    A paperless loan is a loan that is arranged solely online or over the phone without the borrower having to complete paper forms or signing them physically. Documents may still be required to approve the loan but these are submitted online using scanned or electronic copies.

  4. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    For borrowers who have excellent credit and very acceptable debt positions, there may be virtually no documentation of income or assets required at all. Many of these documents are also not required for no-doc and low-doc loans. Credit Report; 1003 — Uniform Residential Loan Application; 1004 — Uniform Residential Appraisal Report

  5. The truth about no-appraisal home equity loans: What ... - AOL

    www.aol.com/finance/what-is-a-no-appraisal-home...

    While interest rates are typically higher than home equity loans — currently averaging 12.32% APR for a 24-month loan but ranging from 6.94% to 35.99% — the approval process is usually faster ...

  6. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

  7. What documents are required for bank business loans? - AOL

    www.aol.com/finance/documents-required-bank...

    Bankrate insight. Some of the best business loans from banks offer high loan amounts, low interest rates and longer repayment terms. Some lenders to consider are: Bank of America. PNC Bank. Live ...

  8. Alternatives to unsecured business loans - AOL

    www.aol.com/finance/alternatives-unsecured...

    Most SBA loans over $50,000 require some form of collateral based on the lender’s non-SBA-guaranteed commercial loan policies. Examples of SBA collateral include real estate, inventory and ...

  9. No income, no asset - Wikipedia

    en.wikipedia.org/wiki/No_Income,_No_Asset

    No income, no asset (NINA) [1] is a term used in the United States mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan .

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