In an open-end home equity loan, the lender provides a line of credit and the borrower takes down the line as needed. ... on no documentation (aquot;no-doc loanaquot;) or limited documentation (aquot;low-doc loanaquot;) with respect to verification of income.
|Title||:||Real Estate-Backed Securities|
|Author||:||Frank J. Fabozzi, John N. Dunlevy|
|Publisher||:||John Wiley & Sons - 2001-07-02|