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Mortgage approval possible without tax filing history
Young first time home buyers are often worried that the lack of a tax filing history will keep them from being approved for a first mortgage. But a history of filing taxes is not always necessary when applying for a first mortgage. Lenders have other ways to establish credit history for a first mortgage besides tax filing history.
Pay Taxes On Property With Mortgage
When you win a property in a contest you'll owe taxes on your winnings. How should you pay the taxes on a property you win? One option is to take out a mortgage specifically to pay the taxes on the property you win.
Bill Proposes Automatic Cancellation Of PMI
Private mortgage insurance (PMI) is one of those necessary expenses if you plan to buy a home with less than 20 percent down in cash. But recent action by Congress may end the practice of letting PMI go on indefinitely, even after the equity on the loan has grown to more than 20 percent, unless the borrower takes steps to cancel the policy.
Identifying And Fixing Your Credit Problems Part I
The only person who can fix your credit is you, experts say. And it takes time and effort to make sure that credit errors are fixed, bad debts are paid off or negotiated, and other "negatives" fade into the background. And, it takes time for you to build up a track record of good credit.
Mortgage Loans: Homeowners Can Apply Online For Cheaper Loans
Homeowners who qualify can apply for mortgage loans online and get them for a cheaper rate. Countrywide Home Loans introduced a special mortgage loan for homeowners that can only be applied for online. Eligible homeowners can get cheaper mortgage loans by applying online.