Copyright 2006 AAA Consumer Credit Solutions Humans are predictable in behaviour because, behaviour patterns repeat themselves. Some will watch the huge tax deductions from salary recorded in the W2 and the T4 and T4A slips and will grudgingly resign themselves to pay these taxes deducted from their salary. I have seen Tax Deductions as high as $49,000.00. Indeed, the numbers fall all over the map, depending on your Income source or salary. The majority of these tax deductions fall in the $7,000.00 to $14,000.00 range with an annual salary around $60,000.00. Three fundamental strategies reduce taxes on incomes and salaries.
Continue readingCategory: Mortgage
Mortgage Audits- What Can They Do For Me
When you don’t have the knowledge necessary to filter through the legalese in your mortgage (that some people tend to relate to as a foreign language) it can be next to impossible to figure out exactly what went wrong along the way or whose fault it is that you’ve defaulted. Loan audits are a simplified way of viewing all the information that is contained in a mortgage and they prove whether or not illegitimate practices took place because they detail the terms and conditions and show if they are illegal or weren’t followed legally. Some people don’t know where to
Continue readingWhy Being A Loan Officer In The Mortgage Business Is Horrible
Why Trying to Be a Loan Officer (that is, Sell Mortgages) Is Especially Grim … and why pursuing a career in home loans is pretty much doomed to failure. I gave the mortgage industry — the whole loan originator gig — a serious go of it a few years back. That was just before the entire real estate market melted down. But even then, I knew after about six months that it just wasn’t for me. And as it worked out, I ditched just before thousands of loan officers were driven out by the economic collapse. It’s odd, really, that
Continue readingCan You Get More Than One Modification On A Mortgage Loan
A loan modification is nothing more than an agreement between two parties to modify the terms of an original contract. In the case of a mortgage loan modification, the contract in question is a mortgage contract. Since the agreement is between two private entities, the borrower and the lender, the terms of the contract may be modified as many times as both parties are willing to agree to. Since the answer to the question can you get more than one modification on a mortgage loan is yes, many borrowers have some hope if they are trying to save their home
Continue readingThe Difficulty Of Taking Out A Second Home Mortgage
Good news: the current scenario for second home mortgages is now more relaxed than the previous years. The boom in real estate has made the bank rush on the second home market once again. Thus competition for this area is heightened, which gives the buyers more chances to take on a second home mortgage. Lenders would want to explore the second home market since most people who want to buy one are more affluent and has more capacity to pay. Here are easier ways to get second home mortgages: HOME EQUITY LOAN You could turn your home equity into cash
Continue reading