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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Yes, you can buy a house with a low income.
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How to finance a garage or other outbuilding
Why pay cash? Borrowing can make more sense for an add-on.
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Illinois first-time homebuyer assistance programs
If you’re buying your first home in Illinois, these resources can help open the door.
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Physician mortgage loans: A mortgage option for doctors
They’re a good deal for aspiring homeowners. But you still might want to get a second opinion.
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What is mortgage amortization?
Using Bankrate’s calculator can help you see the outcomes for different scenarios.
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Guide to Wells Fargo Merchant Services
This bank offers robust payment processing options for businesses.
5 min read Mar 19, 2025