Liar's Loan

What is Liar's Loan?


1.

A "no-doc" or "low-doc" mortgage that does not require documentation of income.

Even with his income, couldn't qualify for a large enough loan for the McMansion he wanted, so he got a "liar's loan."

See mortgage, loan


64

Random Words:

1. The normal price for a brick of cocaine, usually at that price it would be fishscale;cocaine in it's purest form. term is used most..
1. 1.to be found in an embarassing situation We better find out a better answer or our boss is going to find us with our dicks in our mout..
1. v. to leave a meeting or event abruptly and before its termination with little or reason, especially when you are expected or even requi..