- Full Doc Loan
Full Doc Loan is a term that is commonly used in the
mortgage industry to refer to aFull Documentation Loan .
Wikimedia Foundation. 2010.
Full Doc Loan is a term that is commonly used in the
Wikimedia Foundation. 2010.
Full Documentation Loan — In the United States, Full Documentation Loan refers to a loan where all income and assets are documented. It is typically referred to as a full doc loan in the mortgage industry and is a common type of loan used for financing a home purchase. A… … Wikipedia
Loan-to-value ratio — The loan to value (LTV) ratio expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower borrows $130,000 to purchase a house worth $150,000, the LTV ratio is… … Wikipedia
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
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