no doc zero down home loans with teaser rates? I live in Los Angeles, no doc zero down home loans with teaser rates are still being made to illegal aliens. I recently read the sentence above from an

Zhenya

no doc zero down home loans with teaser rates? I live in Los Angeles, no doc zero down home loans with teaser rates are still being made to illegal aliens. I recently read the sentence above from an article from The Telegraph. What's the meaning of no doc zero down home loans with teaser rates?

Jul 13, 2014 3:40 PM

Answers · 3

"No doc" = no documentation. "Zero down" = no down-payment or deposit. "Teaser rates" = interest rates that are lower than normal at the beginning, to make the loan look appealing. They go up later.

July 13, 2014

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