liar's mortgage

noun

A stated-income (US) or self-certificated (UK) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to financial or employment status.

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Meanings

nounliar's mortgage (plural not attested)
  1. derogatoryinformalno pluralA stated-income (US) or self-certificated (UK) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to financial or employment status.
Cite this entry
APA

liar's mortgage. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/liar's%20mortgage

MLA

“liar's mortgage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/liar's%20mortgage. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “liar's mortgage,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/liar's%20mortgage.

Source: liar's mortgage on Wiktionary, CC BY-SA 4.0.