When applying for a loan, especially a mortgage loan, most people presume the process is secure. After all, you’re sitting in a nice office. The bank officer got you coffee. What could go wrong? The reality is loan applications have become a tremendously intricate process with
What is the IRS Form 4506-T? The form is used to request a transcript for previous tax years. The tax payer record supplies data for previous tax periods. The request can be made for 1040, 1098, 1099 and a W-2 information is provided with the transcript
Lenders typically require private mortgage insurance if a buyer’s down payment for a home is less than 20 percent. This is to cover the risk of a potential loss. Fortunately, mortgage insurance is not required for the entire life of the loan. What Is Private Mortgage
If you apply for a home loan, you are likely to have to fill out numerous forms and sign a large number of documents. While it can be easy to feel overwhelmed by the seemingly endless tide of paperwork, it’s important to note that you’re
Form 4506 is a document sent out by the Internal Revenue Service (IRS) that allows taxpayers to obtain a copy of their past tax returns. Taxpayers can obtain copies of most tax form types like forms 941, 1040 and 1120. Currently, it costs $50 per