Friday, November 6, 2009

How is Income verified when you do a document income loan?

How do they verify your income? If you do a documented income loan for a home refi?

How is Income verified when you do a document income loan?
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Reply:Depends on the bank. Usually last 2 years tax returns and the last 30 days pay stubs. Some banks will let you use the amount of all deposits made into your bank account for the last two years but you must be self employed.


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