Category Archives: Home Loan – Mortgage

inherited home

Inherited home; buying one in probate

Inherited home in Las Vegas, Nevada The first thing you have to know when interested in buying an inherited home while in probate is the sale can be performed but you have to be patient and follow certain rules. But first things first. Let’s understand first what probate is and how it works in Nevada.

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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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