Davidcannell replied to the topic What is an no docs loan? in the forum No Subject 22 years, 6 months ago
It is a loan which does not require you to provide the same amount of documentation in order to get the loan as you would with a normal mortgage ie financial statements, tax returns. They may not be interested in your salary and may take your investment income into account instead/as well as. For this you pay a premium on the interest rate. I’m in…[Read more]