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  2. 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 ...

  3. FHA loan vs. conventional loan: What homebuyers should know - AOL

    www.aol.com/finance/fha-loan-vs-conventional...

    A conventional loan is a mortgage loan that’s available without any backing or insurance from the federal government. If eligible, you can get these private home loans from a variety of banks ...

  4. Conforming loans: What they are and how they work - AOL

    www.aol.com/finance/conforming-loans-203505330.html

    A conventional loan is any loan that isn’t guaranteed or insured by the government (FHA, VA and USDA loans). Conventional loans can be either conforming or non-conforming. In short: All ...

  5. FHA vs. conventional loans: What’s the difference? - AOL

    www.aol.com/finance/fha-vs-conventional-loans...

    Down payment: FHA loan vs. conventional loan. Depending on the lender and program, some conventional loans require as little as 3 percent or 5 percent for a down payment. However, 20 percent is ...

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money ...

  7. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    No doc loan. A no documentation loan (no-doc) or low documentation loan (low-doc) refers to loans that do not require borrowers to provide documentation of their income to lenders or do not require much documentation. It is a financial product commonly offered by a mortgage lender to consumers who cannot qualify for normal loan products because ...

  8. SBA vs. conventional loan: What you need to know - AOL

    www.aol.com/finance/sba-vs-conventional-loan...

    SBA loans. Conventional loans. Issued by. Banks and online lenders. Banks and online lenders. Lending limits. Up to $5.5 million. No set limits; average loan amount is about $663,000

  9. Real estate mortgage investment conduit - Wikipedia

    en.wikipedia.org/wiki/Real_estate_mortgage...

    A real estate mortgage investment conduit (REMIC) is "an entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors" under U.S. Federal income tax law and is "treated like a partnership for Federal income tax purposes with its income passed through to its interest holders". [1][2] REMICs are used ...

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