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No-document loans, often referred to as "no-doc" loans, rose to prominence through the early 2000s. Initially intended to cater to self-employed people or those with complicated revenue constructions, these loans found takers among anyone who discovered conventional loan documentation cumbersome. During the housing boom, no-doc loans were closely marketed, however they have been also part of the elements leading up to the financial crisis. Today, these loans have made a cautious comeback, albeit with extra stringent guidelines and danger assessme


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Stated Income Loans: You merely state your income without the necessity to present documentation, though it’s mirrored on your credit score report.
Low-Doc Loans: These require minimal paperwork, normally only a easy verification of employment and a few financial institution statements.
NINA Loans (No Income, No Asset): Requires neither earnings nor asset documentation, however demands stellar credit score and sometimes substantial down payments.
SISA Loans (Stated Income, Stated Assets): Just like stated earnings loans but also requires you to state your property without documentat



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