Homeowners often hear about the “mortgage interest deduction,” but the actual rules are more nuanced than many people realize. Whether the deduction benefits you depends on the type of property you own and how you file your taxes. Below is a practical overview of how mortgage interest deductions work. Mortgage Interest on a Primary Residence...
A cancelled check is a copy of a check that has already been processed by the bank. It includes important details that help verify a bank account for payments and reimbursements. This is most commonly required when submitting documentation for an Earnest Money Deposit (EMD). What Is a Cancelled Check? A cancelled check is a...
Applying for a Certificate of Error If you believe you were eligible for a Homeowner Property Tax Exemption in a previous tax year but did not receive it, you may be able to apply for a Certificate of Error. This process allows eligible homeowners to retroactively apply for missed exemptions and potentially receive a property...
If you receive Social Security benefits, you may be asked to provide official proof of your income for a mortgage application or financial review. The Benefit Verification Letter is an official document issued by the Social Security Administration (SSA) and is widely accepted by lenders. In this guide, we’ll show you exactly how to get...
When applying for a mortgage with UnrealFi, you may be asked to upload documents—such as bank statements, pay stubs, or signed disclosures—through our secure portal. Sometimes these files can be too large to upload, especially if they were scanned at high resolution. That’s where PDF compression comes in. In this guide, we’ll walk you through...
If you’ve been asked to sign documents as part of your mortgage application process, DocuSign offers a fast, secure, and fully digital way to complete them. Whether you’re reviewing disclosures, providing consent, or signing loan documents, DocuSign makes it simple to handle everything from your computer or mobile device. In this guide, we’ll walk you...
As crypto becomes more mainstream, many clients ask if they can use their cryptocurrency holdings—like Bitcoin or Ethereum—as part of their mortgage documentation. The good news is: yes, you can—but with conditions. This guide explains when and how crypto documents can be used to support your mortgage application and what lenders typically expect. What Crypto...
Thinking of buying your first home? That’s a big milestone — and you don’t have to go through it alone. If you’re using a mortgage backed by Fannie Mae or Freddie Mac, there’s a good chance you’ll need to take a homebuyer education course. But don’t worry — this course is designed to help, not...
When applying for a mortgage, you may be asked to provide documents showing your banking activity. But not all financial records are created equal. Two commonly confused documents are bank statements and transaction history printouts. While both show what’s happening in your account, they serve very different purposes. This guide breaks down the key differences,...
