stated-income (U.S.) or self-certificated (U.K.) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to his or her financial or employment status.' name='description'> liar's mortgage - definition and meaning
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liar's mortgage

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun informal A derogatory term for a stated-income (U.S.) or self-certificated (U.K.) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to his or her financial or employment status.

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