Is a EIN Number Free?

What is a Federal Tax ID Number (EIN)? A federal tax ID number, also known as an EIN, identifies your company with the IRS for tax purposes. It is a nine-digit number provided by the IRS to track businesses that must submit different tax forms. How to Obtain an EIN To apply for an EIN, … Read more

Do Banks Make Money Selling Mortgages?

Banks Selling Mortgages Banks make money selling mortgages by collecting interest payments over time. They also earn commissions when they sell the mortgages to investors, freeing up money for banks to issue new loans. Interest Rates on Mortgages When you take out a mortgage, interest is added on top of the loan amount. This interest … Read more