No income/no asset mortgage - NINA
No income/no asset mortgage - NINA
A no income/no asset mortgage, or NINA, is a real estate property loan that can be approved without documentation that verifies the borrower's regular earnings and asset base. Usually, the lender will verify the borrower's employment. NINAs are more expensive than traditional mortgage loans, due to the risk that the borrower will overstate his qualifications to obtain a loan approval.
5.90
