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 whether lenders verify income figures

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 convinced that you can afford

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 knowledgeable homebuyers give in to

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, 1 in every 1,058 homes

Top 7 Mortgage Trends in 2014

The year 2014 is expected to bring a significant transition to the mortgage industry. Here are the top 5 mortgage trends, good and bad for this year. 1. Mortgage rates likely to rise in 2014 Fannie Mae and Freddie Mac recently announced an increase in mortgage fees.

What Makes a Good Mortgage Lender?

You are about to make the most important financial decision in your life – Getting a mortgage. When it comes to mortgage, the competition is fierce and it is crucial that you choose your lender wisely. Here are a few characteristics that are common to