Term of the Day: NINJA Loan

	View online | Add Investopedia to safe senders list August 30, 2013 Dictionary Investing Markets Personal Finance Active Trading Forex Professionals Tutorials NINJA Loan A slang term for a loan extended to a borrower with "no income, no job and no assets". Whereas most lenders require the borrower to show a stable stream of income or sufficient collateral, a NINJA loan ignores the verification process. Investopedia Says: A NINJA loan is considered to be a type of subprime lending, often found in the mortgage market. While the specifics of any NINJA loan can change, most offer the lender a low initial rate, which is then increased after a few periods of payment... Learn More Share: Behind The Scenes Of Your Mortgage In this article, we'll show you how the secondary mortgage market works and introduce you to its major participants... Share: How Interest Rates Affect The Housing Market We discuss the influence of interest rates on the mortgage industry, a& how both will ultimately affect the amount you pay... Share: Make A Risk-Based Mortgage Decision The following important questions can be asked and answered in an educated, risk-based manner... Share: How Mortgage Refinancing Affects Your Net Worth Too many consumers fall into the trap of refinancing a mortgage in order to lower their monthly payments without considering... Share: Subprime Is Often Subpar Subprime borrowers need to understand, identify and measure the risks associated with borrowing under such a short-term horizon... Share: The Fuel That Fed The Subprime Meltdown Read on to learn more about how the markets fell so far in 2008, and what may lie ahead for both the global & the U.S. economy... Share: **NEW** Subscription Services: Income Investing subscribe now! ETF Investing subscribe now! Commodities Trading subscribe now! Options Trading subscribe now! Futures Trading subscribe now! Subscription Services: Investing Basics subscribe now! Warren Buffett Watch subscribe now! Forex Weekly subscribe now! Professionals In The Money subscribe now! Chart Advisor subscribe now! Stock Watch Weekly subscribe now! Personal Finance subscribe now! News To Use subscribe now! Related Slideshows: 1. 5 Household Items You Should Insure 2. 6 People Who Own Private Islands 3. 5 Celebrities Who Went Bankrupt 4. 5 Best Beach Towns To Buy Property In 5. 5 Businesses That Started During A Recession Related FAQs: 1. How do I know if I should refinance my mortgage? 2. Should I pay my mortgage with my credit card to earn credit card rewards? 3. If my mortgage lender goes bankrupt, do I still have to pay my mortgage? 4. Is life insurance good for mortgage protection? 5. My mortgage payments are no longer affordable; is there anything that I can do to prevent foreclosure? Videos More Videos » What Is A Mortgage? Bankruptcy Reverse Mortgage How To Get A Cheaper Mortgage 5 Easy Ways To Improve Your Credit You are currently subscribed as: udin.n.teta.finance@blogger.com Unsubscribe | Manage Subscriptions | Subscribe Investopedia.com A Division of Valueclick, Inc. Copyright © 2013 All Rights Reserved Follow us on: