Stated Income

Definition of "Stated Income"

A documentation rule where the borrower discloses income and its source but the lender does not verify the amount.

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Coverage for property damage by a covered peril to insured cotton during the time period from its we ...

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FAQ

What is the difference between being prequalified and preapproved for a loan? What is a housing ratio? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What is a basic policy? What does a back-end ratio mean?