SISA Loan
A SISA (stated income, stated assets) is a loan program were the borrower(s) state on the application what their income and assets are, but the lender does not ask for documentation for the amount sta
http://www.brokeroutpost.com/reference/14170.htm (Updated: 06/24/2007)

Stating your income and assets
Some mortgage programs allow you to "state" your income. For instance, if you are a small business owner, and your tax returns don't show all the income you receive, you can "state" your income to th
http://www.brokeroutpost.com/reference/67666.htm (Updated: 05/29/2007)
Related Reference Topics: [sisa, nina, siva]

Income Documentation
NINA, also referred to as No Income No Asset, loans are mortgage loans in which No income and No assets are listed on your resdiential home loan application, also called a 1003. There will generally b
http://www.brokeroutpost.com/reference/24127.htm (Updated: 05/28/2007)
Related Reference Topics: [income, nina, sisa, siva, documentation]

Reduced Documention Loans
There are many programs available that are for people who may not qualify for the standard full documentation required by many different lenders. Some of reduced documentation loans compensate for the
http://www.brokeroutpost.com/reference/23618.htm (Updated: 05/26/2007)
Related Reference Topics: [stated, no doc, no verification, no employment, ]