Category Archives: Home Loan – Mortgage

self employed

Self-Employed Homebuyers

Self-Employed homebuyer Looking to Purchase or Refinance a Home Before granting a mortgage loan to a self-employed person, lenders have to examine according to Fannie Mae: ·         "the stability of the borrower’s income, ·         the location and nature of the borrower’s business, ·         the demand for the product or service offered by

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rental property

Converting Your Home to Rental Property

What You Need to Know Before Converting Your Home into Rental Property     Converting your primary property into a rental property cannot be done on the spur of the moment, it requires planning and a cost benefit analysis     Assess the risk Let's say you have one mortgage and you plan to get

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mortgage overlays

What are Mortgage Overlays?

Navigating the wide world of lender mortgage overlays Mortgage Overlays: You have been studying the requirements for the mortgage you want in order to determine if you’re eligible.  You have the required credit score, down payment and debt-to-income ratio (DTI) but your loan application has been rejected. What happened?   Stricter requirements called lender or

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Mortgage Credit Certificate (MCC) Tax Credit Program

Nevada State Mortgage Credit Certificate (MCC) Program A Mortgage Credit Certificate, also known as MCC, enables first-time home buyers and military veterans to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns; therefore lessening the overall amount owed on their federal taxes.

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Rental Property

How to Get Financing for a Rental Property

Financing a Rental Property Buying rental property is a great way to invest your money.  However investing in real estate is just like any kind of investment; it's wise to assess both the benefits and the risks involved. Rental property allows you to enjoy the potential for market appreciation while building equity each month. Tell

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