If you’re thinking about buying a home, or refinancing the mortgage on your current home, you’ve previously been faced with two options;
Prove your income. This means providing W-2 forms, paystubs, or tax returns to the lender to prove that your income is what you say it is. The lender bases all of their decisions on your debt […]
Is Your ARM Broken…Or Is Your ARM Making You Broke? Since the Federal Reserve recently stopped it’s three year crusade to increase the Prime Rate every six weeks, most people with adjustable rate mortgages (ARMs) expected their already high rate to stabilize. Unfortunately, it takes up to 18 months for the indicators linked to some […]