Finding a mortgage lender is easy, but walking away with a mortgage can be trickier. In fact, only just over half of applicants are approved. This is especially true in light of tighter credit restrictions following the recent recession. With a logical approach to this
It seems like it should be industry-standard in the hotel business for all employees to undergo a screening process involving mandatory background checks prior to being hired. Think about it: these are people who have keys and access to all of your personal belongs over
If you are offered a job or are investigated at work, your employer may request a background check. It is important to know what is acceptable and when you should contact the Federal Trade Commission or Equal Employment Opportunity Commission. What Information Can An Employer Request?Employers
When you apply for a job, there’s a lot that goes on before a decision is made about whether you should be hired. You typically submit a resume along with the application, meet with executives for at least one interview and undergo a background check.
Think of every discussion that you have with a mortgage lender as a business negotiation. You want to borrow money for the home of your dreams, and you want the best interest rate possible. The lender wants to determine the level of risk associated with
Something went terribly wrong. You applied for a wonderful job, had a great interview and felt sure that you would be offered the position. Unfortunately, you don’t hear back, so you call the employer and find out that you failed your screening. You’re confused because
Access to financing determines your ability to successfully negotiate a home purchase. In seller’s markets, proof of mortgage pre-approval can help you clinch the deal, so it is important to to shop for a home mortgage before you start scheduling home tours. 1. Get your Financials
Official tax forms are multipurpose documents. For instance, the IRS 4506-T Form can be used to verify a borrower’s income as well as his or her tax information. Income Verification When lenders borrow through Fannie Mae, the division requires them to complete the IRS 4506-T Form during
When applying for employment, you might be subjected to a background check. There are federal regulations regarding background checks to ensure that all applicants are treated similarly. Your state or city may also have laws, so you should be aware of those laws or know
Form 4506-T is an official request to the Internal Revenue Service to provide your federal tax information to your mortgage lender. For the lender, this form provides critical verification of the income you report in your loan application. For you, it means that the figures