– No Doc loans, stated income loans, stated income mortgages, no income documentation loans mortgages for people who cannot document their income.
No doc loan – Wikipedia – A No-Doc or Low-doc loan 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.
How to tell if the county has officially canceled your mortgage after you paid it off – A: In a recent column we discussed how a lender should and generally does send the canceled note and mortgage back to the homeowner once the loan. issued a document that becomes part of the public.