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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (145983)11/6/2008 2:28:37 PM
From: TimF  Read Replies (1) | Respond to of 173976
 
When you have a no doc loan you are not stating income so there is nothing to lie about by definition.

You state your income, you just don't back it up with documentation. Its also known as a "liar's loan", because you can lie about your income since you don't have to prove it.