It stands for "no income, no job and no assets. A NINJA loan is a slang term for a loan extended to a borrower, with little or no attempt by the lender to verify the applicant’s ability to repay. It stands for "no income, no job and no assets.". Almost everybody who took out student loans has some horror story.
No income, no asset (NINA) is a term used in the united states mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan.. No Income / No Asset.
Even though the stated income loan is a SIVA loan (Stared Income Verified Assets), in some cases, qualifying criteria may be considered No Income/No Asset. (NINA) . Each stated income loans borrower is looked at individually and case by case.
Student loan. no longer serves its original purpose. In that situation, any qualified life settlement professional will be happy to review your client’s policy and provide you with a preliminary.
· Before the housing collapse of 2008, NINJA loans were a popular alternative to the traditional mortgage. The NINJA mortgage – No Income, Job or Asset verification – was also called a “no.
It was described as a No Income, No Job, (and) no Assets loan because the only thing an applicant had to show was his/her credit rating, which.
Chief Executive Officer Jack Clancy commented, "Over the past twelve months, total assets increased 8%, total loans increased 4% and customer deposits. and we undertake no duty, and specifically.
No Reserves; Up To 75% ltv; ,000,000 loan amounts; Interest Only payment. loans; High or volatile income ratios; Non-resident borrowers; Asset depletion.
Student loan asset. income that can be used to make loan payments. It was also part of the dialogue during the 2016 presidential campaign as well. Both Democratic candidates Hillary Clinton and.
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The acronym NINJA stands for no income, no job, and no assets. Often, I hear this described as lenders willing to make mortgage loans to.
– No Income No Asset Home Loan. Back to Menu. The "NINA" a/k/a/ No Income No Asset home loan program is a fixed or adjustable rate mortgage loan program designed specifically for those borrowers with a strong credit base and a demonstrated ability to make mortgage &.
how much mortgage can i get How Much Mortgage Can I Afford? – realtor.com – Of all the questions you may have when buying a home, one of the biggest that may stump you is this: How much mortgage can I afford? After all, the amount of money you can borrow could spell the.