Tag Archives: Home mortgage

Will mortgage lenders accept a tax transcript?

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 … Continue reading

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What Borrowers Should Know About A 4506-T

If you’re applying for a mortgage or other loan, your lender may ask you to sign an IRS Form 4506-T. This form allows the lender to request your tax transcripts directly from the IRS for the last three years. A … Continue reading

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Do Mortgage Lenders Verify an Applicants’ Tax Returns with the IRS?

Mortgage lenders mandate that borrowers meet strict income requirements for a given loan. Countless loan applications are denied because applicants cannot meet these requirements. Similarly, lenders deny mortgage applications when they cannot verify income information. Prospective home buyers often wonder … Continue reading

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Before You Close a Foreclosed Home – 7 Things You Need to Know!

There have been a tremendous amount of foreclosures happening due to the recession – in fact, 5 million homes have gone through foreclosure in nearly seven years since the housing collapse. Buying a foreclosed property can seem very appealing with … Continue reading

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5 Things That Can Stop You from Getting a Second Mortgage

Lenders realize that borrowers are more likely to default on mortgage payments on their second home loan. That’s the reason getting a second mortgage loan approved is always tricky and harder than the first one. But once the lender is … Continue reading

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