Tag Archives: Home mortgage

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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4 More Mortgage Myths – Busted

Homebuying can be a daunting task not only because it involves such complex decisions, but also because there’s a lot of misinformation circulating about mortgages. Such myths and misconceptions impede potential homebuyers in their decision making process. Even the most … Continue reading

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A Quick Guide to Buying Foreclosure Property

U.S. housing market is witnessing a fall in the mortgage rate consecutively for 6 weeks. Now when interest rates are at a new low, foreclosure home inventory is surging like never before. As per foreclosure report of RealtyTrac for Jan’14, … Continue reading

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