What is IRS Form 4506 why does my lender want it?

Tuesday, 23 August 2011 by Stephanie Weeks

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

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Published in Advice, Checking rates, Lender, Mortgage, News, Refinancing, Second Mortgages

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What is a Second Mortgage?

Thursday, 11 August 2011 by Stephanie Weeks

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

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Published in Advice, Refinancing, Second Mortgages

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