Verification of Income

When applying for a mortgage or other loan, most lenders might require Verification of Income. The lender might ask for paycheck stubs for a period of time, and even your tax returns for the previous two years. This is done for several reasons.

  • To verify that you are still employed
  • Your income matches the income on the loan application
  • Fraud prevention.

Most lenders will either require a Verification of Income or Verification of Employment or both.

Get more information on Verification of Income in the Real Estate Forum.


 

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