How do I analyze rental income for a mortgage loan?

Answer Include all rental income information on your mortgage loan application. The information should include the total rent received, any mortgage payments on the property, as well as the insurance and ... Read More »

Top Q&A For: How do I analyze rental income for a mortgage loan

How to Calculate Rental Income From Income Tax Return for Mortgage?

Each year taxpayers must to report their rental income on their taxes. Often if a person is trying to obtain a mortgage, he will need to provide the rental income to the lender. The taxpayer can si... Read More »

Can You Deduct Rental Expenses With No Rental Income?

The IRS imposes various rules that determine whether you can claim a deduction for rental expenses when you have no rental income, or when the expenses exceed your rental income. Before you claim e... Read More »

How to Analyze Payment Options With a Mortgage Calculator?

Mortgage lenders may offer a potential home buyer either a fixed-rate mortgage or adjustable-rate mortgage. The buyer who knows the cost of the home and the down payment can use mortgage calculato... Read More »

Is it better to get a shorter loan mortgage term or prepay on a longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon... Read More »