Mortgage seasoning: What is it and what are the requirements?
It means you need to have money on hand to get a mortgage. And like fine wine — the longer, the better.
4 min read
Apr 01, 2025
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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Illinois first-time homebuyer assistance programs
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Looking to avoid a credit card balance transfer fee? Try a credit union
Save on interest with the best credit union cards with no balance transfer fees.
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When to apply for a credit card after bankruptcy
After a bankruptcy filing, the task of repairing your credit begins. But how soon can you apply for new credit?
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How, and why, to set up a trust for your house
Putting assets in a trust, including a home, protects them in many ways.
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How to use a 0% intro APR credit card as an interest-free loan
How a 0 percent APR card can serve as an interest-free loan
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What is a private mortgage lender?
What is a private mortgage lender? A private mortgage lender is usually a private or public company or individual that offers mortgage loans secured by real estate. These lenders set their own guidelines [...]
6 min read Mar 10, 2025