Having a mortgage is a big commitment that causes a person to spend a great deal of money. It is important to be savvy and understand how to get a loan that has a good interest rate and low fees. Here are the five biggest
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
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
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