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. BKA is an abbreviation for "better known as" Marshall Mathers bka Eminem 2. it means better know as and it came from aka m..
1. A toned down version of the word hell consisting of two words blended as one. The two words are hey and hoe If used as meaning hoe ie. ..
1. Synopsis: The freshness-check protocol or just the freshness-check is a method used to determine the mental state of a potential mate. ..