Ninja Mortgage

What is Ninja Mortgage?


1.

Usually to qualify for a mortgage, borrowers need income,a job or assets.

A ninja mortgage is a type of mortgage granted to people with none of the above, hence:

No

Income

No

Job or

Assets

Without income, a job or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.

These peeps are now ninjah

Borrower: Gee, I'd like to buy a house, but I have no job or income... can you help me ?

Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!

Borrower: Awesome!

See mortgage, ninjah, default, homeless, ninja, subprime, ptr


65

Random Words:

1. in scotland, this word means "yuk" "eww" gadz, this soup has a hair in it 2. Scots term expression of great disg..
1. Commander of all Choads Dude, you need to wash your balls before Lepelope declares war on your grundle. See buckfutter 2. commander ..
1. 1.empty 2.hollow 3.as in 4 dimensional(bigger on the inside than on the outside) as in simons head is like a voidmeaning all three at..