The worst of them earn the nickname "ninja loans," short for "no income, no job and (no) assets."In the industry, they are called "liar loans" ---- mortgages approved without requiring proof of the borrower's income or assets. When shopping for home mortgage loans, you should have a basic idea on what to look for in a loan. Keep in mind a few things that would serve as your eligibility criteria for a home mortgage. For example, what types of loans are available from a given institution?
