When applying for a mortgage, your mortgage lender will require you to submit many forms and fill out various (never-ending) paperwork. Once of the financial documents you will be required to submit is your bank statement. As you will find below, your bank statement is just as important as your pay stubs and your tax returns when trying to get approved for a mortgage.
Home equity is something that most, if not all, home owners have heard of, but it is important to fully understand what it is, how to take advantage of your home equity, and what you can use your home equity for.
As a prospective home-buyer who will be considering a mortgage, you will have to determine how to come up with a down payment for your new house. The standard down payment for a conventional loan is 20 percent; however, there are other loans that might be available to you, such as the FHA loan, in which you might only be required to put down 3.5 to 5 percent of the purchase price.
You’re looking at real estate listings and you see one that says, Bitcoin Transactions Accepted. While this transaction is still far from being the “norm”, it is popping up more and more frequently. The younger generation and tech savvy population are adopting cryptocurrency as their main choice for making purchases. But there are still many buyers out there that would have absolutely no idea what that even means. Others might understand what it means, but do not have the trust in this type of financial transaction to consider this option.