liar's loan
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."
| 俚语 | liar's loan |
| 释义 | liar's loanA "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." |
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