Category Archives: Home Loan – Mortgage

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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What is TRID and How Does It Affect Me?

Here's how TRID will impact real estate transactions TRID stands for TILA/RESPA Integrated Disclosures but commonly this regulation is known as KNOW BEFORE YOU OWE! The Dodd-Frank Act and issued by Consumer Financial Protection Bureau implemented TRID to help borrowers make better-informed decisions. TRID also allows borrowers to compare offers, shop around, and understand all

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