The EIN and its purpose First off, what is an EIN, anyway? An EIN is a number used by the federal government in the United States of America. EIN is an acronym for ‘Employer Identification Number.’ Different agencies within the federal government use it to keep
Mortgage companies want to prevent fraudulent loan applications from being accepted. One way they do this is by verifying an applicant’s tax return. Lenders can go right to the IRS and request transcripts. This means there will not be any opportunity for the transcripts to
Mortgage lenders are important because they make it possible for Americans to have homes. However, every time they offer a home loan, these lenders take a risk that the borrower may not be able to repay the money. Therefore, they need to look at as
Applying for a mortgage is a large step towards borrowing money for a new purchase. You should, however, be aware of the paperwork required to receive a mortgage. Today, we will go over a few statements that you’ll need. Let’s get right in! Credit Score One of
Borrowers looking for a mortgage to buy or refinance their home need to be lender approved to get the loan. Lenders issue loans based on many criteria that include credit score, assets, income, and more. The mortgage lender will verify the facts that you provide.
A form that many people first meet when they’re applying for a loan is a 4506-T. Although this form may seem daunting at first, it’s a relatively simple form that most people can complete quickly. Today, we’re going to look at a few questions surrounding
A Small Business Administration (SBA) loan is an option for business owners who find themselves requiring funds to increase working capital, refinance debt or purchase commercial real estate. Smaller $30,000-$350,000 loans provide businesses with working capital that can be used for expenses associated with daily
When you are applying for a mortgage, your potential lender wants to make sure you are telling the whole truth about your income and assets before approving your loan. To make sure there is no fraudulent activity, your lender will usually look to verify the
When looking for a loan, it is always smart to shop around and find the best option. Whether you are searching for the best interest rates or for the easiest and fastest way to get approved, a credit union might be the perfect option for
There are many sources of debt financing for your business. The common ones include banks, business creditors, commercial lenders, and credit card companies. Before you visit any lender, it is advisable to know the different types of loans available. Here are the most common ones. 1.