Mortgages

More in Mortgages

Can You Claim Rental Mortgage Interest as an Itemized Deduction?

Single-family homes and small apartments or office buildings are popular investment vehicles for small investors. Many people consider owning rental houses not much different than owning their own home. Like owning a home, mortgage payments that finance the purchase of a rental ...

Do Mortgage Lenders Use My Net or Gross Income?

Mortgage lenders will analyze your income and debts -- along with other factors -- when deciding whether to approve your application for a mortgage loan. And when lenders study your income, they're studying your gross income, not your net.

How Many Names Can Be on a Mortgage?

A mortgage document is a legal contract under which the borrowers agree to pay the lender an agreed-upon sum of money, plus interest, for the purpose of financing a home. The title to the home, on the other hand, shows ownership of the property. It is important to not conflate ...

How to Buy Short Sale Homes on FHA

Buying a short sale home has become a little easier as of 2012, as lenders have loosened the reigns in the often drawn-out short sale approval process. Short sales became the preferred way of disposing of bad assets when they surpassed bank foreclosure sales and accounted for 25 ...

How Much of a Tax Deduction Do You Get Back on Home Loan Interest?

The home mortgage interest deduction is a major tax break for homeowners and is among the oldest of income-tax deductions. It was included in the original Income Tax Act of 1913 as a way to encourage homeownership, and survived the 1986 tax act that eliminated most other ...

How Do Equity Accelerators Work?

The majority of Americans use 30-year mortgages to finance the purchase of their primary residence. With a 30-year mortgage, the overwhelming majority of the monthly payment goes toward interest. After five years, the typical 30-year loan still has 97 percent of the principal ...

How to Look for Public Mortgage Records

After a mortgage loan closes, certain documents are filed for public record. These include the security instrument and the land deed. The security instrument is either a mortgage or a deed of trust, depending on which state you live it. A mortgage document includes information ...

Can I Pay Home Insurance Directly and Not With Escrow?

If you're considering a new mortgage or shopping around for insurance, you might wonder whether you can pay your homeowner's insurance premiums directly without using a mortgage escrow account. The answer often depends upon your situation, but even when you can pay your own ...

Do Mortgage Borrowers Have to Be on the Title Deed?

Legally, at least one borrower must be on the title deed to qualify for a mortgage loan. However, most mortgage lenders prefer that all borrowers appear on the title. For those mortgage programs that permit non-occupant borrowers, this lender preference is typically waived. ...

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