liar's loan

A "no-doc" or "low-doc" mortgage that does not require documentation of income.

Even with his income, couldn't qualify for a large enough loan for the McMansion he wanted, so he got a "liar's loan."

liar's loan by Voltron2 September 30, 2006

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Related Words

liar's loan • liar's dice • Liar's Hair • Liar's Paradox • Liar's Touch • Liar’s Bench • Liar’s Dividend • the liar's dividend • The Liar’s Curse • Liars, Thieves and Whores