Must You Pay Your Deceased Spouse’s Debts?

Losing your spouse to death is distressing enough, but being required to pay his or her debts would only add to your grief. The good news is that surviving spouses are rarely considered legally responsible for these financial obligations. Here’s what you need to know about responsibility for a decea

Purchasing Your Rental Home With an FHA Loan

Renters who want to purchase their dwelling from their landlord can do so using an FHA loan. You can also use FHA loans to buy a house from a family member. But in certain circumstances, lenders in these transactions may require a higher down payment than is typical for FHA loans. Here’s a primer on

Written Verification of Employment: A Crucial Requirement for a Mortgage

When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders are legally required to determine a borrower’s ability to repay the requested lo