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Glossary of Terms > N > No Doc Loans

No Doc Loans

A mortgage or home loan that can be secured without the usual list of documents ("docs") providing income and credit verification. No documentation loans provide faster approval, but likely come at higher rates of interest, as the lender will be assuming more risk.

N Terms

Negative Amortization

Negative Amortization Cap

Negative Points

No Change Scenario

No Cost Mortgage

No Doc Loans

No Money Down Mortgage

Non-Conforming Mortgage

Note