On one hand we have hints of an improving economy but on the other we have news from Freddie Mac that the 30-year mortgage rates have hit rock bottom, at least close to that. They are at a new low of 3.49 %, which is
We recently came across a piece of news, which said that Chinese banks had been given the permission to buy major stakes with their American counterparts. These deals have been signed between the U.S. and China hoping to strengthen the business relationships between the two
The IRS form 4506-T is an important part of the home loan process. Even though you may not notice such a form amidst the numerous papers that you sign, 4506-T is bound to be one of them. In the current housing market, like we have
Moving away from the business of mortgages, let us look into another area where for 4506-T comes into play. It is the education sector, specifically colleges. The U.S. Department of education selects random students for verification and according to the latest revision; they do not
4506-Transcript form is a way for mortgage lenders to get insurance about the information you provide to them in regards to the previous year’s tax returns. Often the concern is, ‘Will filing the form raise any audit from IRS for previous year’s tax returns?’ Normally