Month: January 2018

Do Lenders Verify Employment the Day of Closing?

Lenders always verify employment before you close on a loan. It’s not enough to supply your paystubs or even your tax returns. Lenders need to hear from a third party that you are employed. This helps the lender determine that your income is as accurate as you reported. Get Matched with a Lender, Click Here. DEFINING THE VERIFICATION OF EMPLOYMENT The Verification of Employment is a way for the lender to ensure that you are employed as you stated on your application. Each lender has a different method of verifying it, but the bottom line is they make sure...

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How Will the New Tax Laws Impact Homeownership?

Mortgage interest tax deduction has always been one of the best incentives of homeownership. So how does President Donald Trump’s new tax rule change all this? If you are a current homeowner, planning to purchase, sell, or move in the near future, you need to be aware of how the new tax law will affect you. The tax bill signed into law by US President Donald Trump on December 22, 2017 marks a new era of homeownership cost for the country’s taxpayers. The law takes effect at the start of this year. Here’s a simplified overview of just how this new...

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So You Have a House Now. What Else Do You Need?

So now you’ve got your priced house key finally on your hands. After months of waiting and negotiating and signing seemingly endless real estate documents, you’re finally free to move in and settle into a new life. You might think: ”The worst is over.” Or so you thought. The moment you open that front door, every household worry settles in, sending you back into anxiety zone. “Where can I get the internet set up? Shoot, I probably need a new stove. And how would George the Cat feel about the new house?” Whether it’s new sheets or the pets, there’s...

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Homeownership Costs Every Home Buyer Need to Prepare For

Buying a home comes with costs that you need to prepare for. Every home buyer should save more than enough funds in order to cover out-of-pocket fees that come with home buying a home. It’s true, there are low- to no- down payment mortgage options for low-income earners who dream of becoming homeowners sometime soon. A lot of first-time and repeat homebuyers wish to qualify for these programs. However, it’s always smart to be prepared for any homeownership costs that may come your way. These are not just limited to the expenses that come with buying a home. As a homeowner,...

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