A Paper

Definition - What does A Paper mean?

A Paper is a term that is particularly associated with the mortgage industry within United States. A paper is used to describe mortgage loan where the borrower is having a credit score of either 68- or above.

Justipedia explains A Paper

This type of mortgage loan requires the borrower to completely document his or her assets and income, debt to income ratio of the borrower should not exceed 35%, and at least 20% of the equity should be injected by the borrower.

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