What is IRS Form 4506 why does my lender want it?
Tuesday, 23 August 2011
When applying for a mortgage , your lender may ask you to sign and submit a Form 4506. It is a form we get directly from the IRS which some mortgage lenders may require you to complete as part of your loan application. What is a 4506 used for? Form 4506 T, as it is
- Published in Advice, Checking rates, Lender, Mortgage, News, Refinancing, Second Mortgages
No Comments
What is a Second Mortgage?
Thursday, 11 August 2011
A second mortgage is a home mortgage that you take out in addition to your first. It is a different arrangement from a refinance. When you refinance a mortgage, you simply take out a loan that loan replaces your existing mortgage. A second mortgage is written in addition to your first mortgage so you have
- Published in Advice, Refinancing, Second Mortgages