What are "negative points" on a mortgage?
Negative points is an infreuqntly used term for a lender credit. Mortgage points are a one-time fee paid at closing to get a lower interest rate.
Can I get approved for a mortgage if I plan on changing employeers prior to closing?
Switching a job or employer is not a dead end to your mortgage. The main concern will be the type of income that you currently make vs. how you will be paid in the future.
What are tax transcripts?
Tax transcripts are official documents provided by the Internal Revenue Service (IRS) that summarize information provided to them about you. They are often used for various financial and legal purposes, including verifying income, applying for loans, and resolving tax issues.
What is a second mortgage?
A second mortgage is a mortgage taken out after you already have a mortgage. The term "second" indicates the position this mortgage falls on the deed to the house.
What is the family opportunity mortgage?
The Family Opportunity Mortgage is a unique program designed to help families secure housing for elderly parents or disabled adult children. This mortgage option offers significant financial advantages and flexibility.