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What questions can a mortgage company ask when verifiying employment and income?
Wiki User
∙ 12y ago
They usually ask [ is so and so employeed and for how long ] they may look in the phone book to see if the business is real and varify the address and phone number.
Income is done through pay stubs, or tax statements scedule C or 6 to 24 months personal bank statements [ deposits added together divided by 6,12 or 24 months is the income ] Business the same minus 25% to 50%.
If the loan is stated they ask no questions about income.
If it is no doc they ask no questions about empoyment.
Wiki User
∙ 12y ago
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What services does the site Mortgage Direct offer?
Mortgage Direct offers Mortgage Loans and Reverse Mortgage Loans. Direct Mortgage contracts with hundreds of lenders to find you the best rate. The one advantage of an online Mortgage company is that you get your request results immediately. Applications are down online and there is even a Live Chat available if your have questions.
Does the mortgage company verify your income?
Yes the mortgage company verifies income.
How can one apply for a mortgage online?
One must first search for a good deal on the mortgage. When one finds a deal that works they can fill out an online application or send an email to the company to ask questions.
How do you refinance a mortgage?
Refinancing a mortgage can usually be a very simple process as long as you have the correct information and you are working with a mortgage company that communicates with you effectively and has all the information you need. Generally, the process starts with filing an application with a mortgage company to refinance, known as the per-approval process. On the application, you will include information such as employment and income, assets, and credit history. After filing the application, the mortgage company will verify and check through all the information you provided to determine whether or not you will be eligible to receive the loans to refinance. Once approved and finalized, the loan documents will be made and delivered to you at the place of settlement. It is important to note that it is essential that you keep your financial history clean and unaltered during this process as any red flags can cost you any eligibility to receive the loans you need for refinancing. Other than that, you simply need to work with your mortgage company and communicate with them with regards to any questions or concerns you may have. A good mortgage company will usually provide you with a wealth of information on this topic on their site.
What is a chaffee mortgage?
A Chaffee mortgage is a mortgage obtained from this specific company. Chaffee is a company that will give out loans for homes to people who qualify.
Is there any company that offers mortgage employment?
The mortgage industry's employment level took a big hit in April, while overall U.S. employment data deteriorated in May. Most places have little of no open jobs available.
What questions are usually asked for employment verification?
Potential employers routinely verify current and past employment. You will be asked to provide them with the company name, address, phone number, and the dates of your employment.
What can a mortgage company do if mortgage had not been paid in 4 years?
What can a mortgage company do if mortgage has not been paid in 4 years
What services does the site Mortgage Direct offer?
Mortgage Direct offers Mortgage Loans and Reverse Mortgage Loans. Direct Mortgage contracts with hundreds of lenders to find you the best rate. The one advantage of an online Mortgage company is that you get your request results immediately. Applications are down online and there is even a Live Chat available if your have questions.
How do you know if your foreclosure will be pursued by the mortgage company?
go ask the mortgage company.
Does the mortgage company verify your income?
Yes the mortgage company verifies income.
How can one apply for a mortgage online?
One must first search for a good deal on the mortgage. When one finds a deal that works they can fill out an online application or send an email to the company to ask questions.
How do you do a mortgage calculation?
Probably the most simple way is to visit a mortgage company site; more often than not, they will have a section dedicated to a mortgage calculator. All you need you is information on your mortgage and from there it is as simple as plugging in the numbers. Additionally, this section of the site can further be broken up to help answer any questions that you might have such as 'Should I refinance?'. It ultimately helps you answer your own questions based off the results you get after plugging in the numbers, so you don't even need to contact anyone at the company itself if your questions do not go beyond what you see in the results. It should a very fast and simple process that could be done in one sitting as long as the site you are on has a mortgage calculator.
How do you refinance a mortgage?
Refinancing a mortgage can usually be a very simple process as long as you have the correct information and you are working with a mortgage company that communicates with you effectively and has all the information you need. Generally, the process starts with filing an application with a mortgage company to refinance, known as the per-approval process. On the application, you will include information such as employment and income, assets, and credit history. After filing the application, the mortgage company will verify and check through all the information you provided to determine whether or not you will be eligible to receive the loans to refinance. Once approved and finalized, the loan documents will be made and delivered to you at the place of settlement. It is important to note that it is essential that you keep your financial history clean and unaltered during this process as any red flags can cost you any eligibility to receive the loans you need for refinancing. Other than that, you simply need to work with your mortgage company and communicate with them with regards to any questions or concerns you may have. A good mortgage company will usually provide you with a wealth of information on this topic on their site.
What is a chaffee mortgage?
A Chaffee mortgage is a mortgage obtained from this specific company. Chaffee is a company that will give out loans for homes to people who qualify.
What is corp adv fee?
These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.
When was Franklin American Mortgage Company created?
Franklin American Mortgage Company was created in 1993.
