DOCUMENTING INCOME FOR YOUR MORTGAGE IS ALL ABOUT THE DETAILS

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Are You Being Asked For Tax Returns? Anyone who has recently applied for a mortgage knows the importance of documenting income. This is one of the most critical pieces of information that mortgage lenders require during the application process. But if you have not applied for a mortgage either recently or perhaps ever, you may […]

Is Buying a Foreclosure a Good Idea?

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Is Buying a Foreclosure a Good Idea? Initially, the thought of buying a foreclosure property seems great because most people equate the word “foreclosure” with “bargain price.” But a buying a foreclosure can be a complicated process and it often involves taking a certain amount of risk that is not normally required when purchasing a […]

Mortgage: How Long do you need to Wait after Bankruptcy or Foreclosure

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WAITING PERIODS REQUIRED FOR SIGNIFICANT DEROGARTORY CREDIT EVENTS CONVENTIONAL LOANS DEROGATORY ITEM CONVENTIONAL LOAN WAITING PERIODS Foreclosure Home was given back to the bank- No owner participation 7 years from the date foreclosure completed and transferred back to bank if they had NO extenuating circumstances 3 years from date foreclosure completed and transferred back to […]