When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders...
When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders...
If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need...
If you’re shopping for a home loan, you may hear references to both qualified and nonqualified mortgages. What are these loans, and how do they differ? Qualified vs. nonqualified A qualified mortgage meets certain standards...
Zombie apocalypse movies are terrifying, but here’s a real horror story: “zombie” mortgage debt that chases you into foreclosure. Don’t let your finances be devoured! What is a zombie mortgage? A zombie mortgage is a...
Inflation and other forces drive up residential rents throughout the country, placing once-affordable housing out of many renters’ reach. What can you do if your landlord announces a rent increase? What is driving rent increases?...
As an Airbnb host, you provide a great stay for your guests. However, using your home as an Airbnb affects those around you, so don’t overlook being considerate to them. Here are five tips for...
Your monthly mortgage statement shows that in addition to paying principal and interest, you are also funding your escrow account. What is the escrow account? How is the money in it used? Can it change...
Are you resigned to paying higher interest rates on a mortgage when shopping for a home in today’s market? You may not have to. You could buy a home with an assumable mortgage that was...
Squatting is increasingly common across the country. Squatting occurs when someone occupies someone else’s property without the owner’s permission and intends to stay there. Squatters can sometimes take formal legal possession of property against the...
It’s frightening to think of someone legally seizing your home, but it can happen if you lose a lawsuit or fall too far behind on your mortgages or taxes. Here’s what you need to know...
