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?
"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.
13 lipca 2014
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