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
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.
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
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
What are the tax benefits of Homeownership? You are the proud owner of a new house and want to know about tax benefits. Of course, you have acquired a mortgage loan to be able to purchase your dream house and now you are thinking of all the taxes you have to pay as an owner