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About Deborah Herridge ...
About Deborah Herridge:
About Deborah Herridge - Information about Deborah Herridge of Chester, Mendham, Long Valley and Morristown, New Jersey My Recommended Vendors - Information coming soon... Testimonials - Read what Deborah Herridge's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more New Jersey home buying & property selling information is guaranteed by Deborah Herridge. Privacy Guarantee - This Chester, Mendham, Long Valley and Morristown real estate web site will respect your privacy, guaranteed by Deborah Herridge. No Obligation Guarantee - Deborah Herridge's real estate help by email is free & without obligation for Chester, Mendham, Long Valley and Morristown home owners in New Jersey. For Real Estate Agents - Let Deborah Herridge help you with your professional real estate broker and agent needs in the Chester, Mendham, Long Valley and Morristown area. About NUMBER1EXPERTS - NUMBER1EXPERTS are top real estate professionals, find out more. Contact Information - How to contact Deborah Herridge. Go to Main Sitemap - Main sitemap sections include Find Chester, Mendham, Long Valley and Morristown Homes, For Home Buyers, For Home Sellers, Chester, Mendham, Long Valley and Morristown Information, Real Estate Resources, and About Deborah Herridge.
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Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
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What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
 See More Real Estate Trivia > |
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Deborah Herridge
Keller Williams Realty
55 Madison Avenue
Morristown, NJ 07960
Direct: 201 400 2980
Office: 973 539 1120
Fax: 201 299 4819
Deborah@TheHerridgeGroup.com
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