NINJA Mortgage

The investment glossary presents straight-forward definitions plus key related topics and links to other articles that should be of interest.

Definition
A type of sub-prime mortgage where the only verification needed by the lender is the borrowers credit rating, rather than assessing the borrowers ability to repay the loan. (No Income, No Job and no Assets)

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NINJA Mortgage can also be referred to as 'NINJA'

Matched terms

Asset  ING  Mortgage  

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