A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called "liar loans".
| Property | Value |
|---|
| dbpprop:abstract
|
- A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called "liar loans".
|
| dbpprop:hasPhotoCollection
| |
| dbpprop:reference
| |
| rdfs:comment
|
- A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called "liar loans".
|
| rdfs:label
| |
| owl:sameAs
| |
| skos:subject
| |
| foaf:page
| |
| is dbpprop:redirect
of | |
![[RDF Data]](/statics/sw-cube.png)
