Noasset Loan | Mortgage Glossary | Realestateagent.com

Definition of "No-Asset Loan"

Audrey Matisa

Ballenger Realty

A documentation requirement where the applicant's assets are not disclosed.

Government owned lands, for conservation purposes or for specific uses such as dams and hydropower. ...

Small one story frame house or cottage. ...

Latin phrase for "The facts speak for themselves." This is a rule of evidence under which an individ ...

Provides coverage during the construction of a bridge in the event of fire, lightning, collision, fl ...

An ARM on which the lender has the right to change the interest rate at any time, for any reason, by ...

A fee charged by an appraiser for the appraisal of a particular property. ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

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