Usually to qualify for a mortgage, borrowers need income,a job or assets.
A ninja mortgage is a type of mortgage granted to people with none of the above, hence:
No
Income
No
Job or
Assets
Without income, jobs or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.
These peeps are now ninjah
A ninja mortgage is a type of mortgage granted to people with none of the above, hence:
No
Income
No
Job or
Assets
Without income, jobs or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.
These peeps are now ninjah
Borrower: Gee, I'd like to buy a house, but I have no job or income... can you help me ?
Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!
Borrower: Awesome!
Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!
Borrower: Awesome!
by ptr March 3, 2008
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Ninja • ninja'd • ninja turtle • Ninjago • ninjaneer • ninja dust • ninja fart • ninja shit • Ninja vanish • NinjaPirate
a student who is on the school's tennis team. so named because they often carry their tennis rackets in their backpacks or at their hips with the handle facing up, like a katana or sword. used most often by members of other sports teams on campus to easily identify a tennis player.
by SuperNickTurlockCA April 11, 2011
Get the ninja mug.by emaster t December 25, 2008
Get the ninja mug.a racial term referring to african american people when you don't want them to know when you are talking about them in a public place.
by jake. October 22, 2007
Get the ninja mug.A. Adjective. Slang term for a friend. Derived from the word Nigga, Ninja is a more politically correct term to use but imply's the same thing. A T-Shirt highlighted in the movie Bench warmers stated "Strictly For My Ninjas" Playing on the words of the hit rap song "strictly 4 my niggaz" performed by 2 Pac. See also Nin.
B. Noun. Slang term for an American Muslim woman in full garb.
B. Noun. Slang term for an American Muslim woman in full garb.
by Brian Patterson May 16, 2007
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