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Why do mortgage lenders need pay stubs?

 

Kimjousha321
(@kimjousha321)
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Joined: 4 weeks ago
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January 9, 2023 5:24 am  

Why do mortgage lenders need pay stubs?


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CruzanIron
(@cruzaniron)
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Joined: 9 years ago
Posts: 2523
January 9, 2023 8:27 am  
Posted by: @kimjousha321

Why do mortgage lenders need pay stubs?

Seriously? 

 

Your tax returns help give them a clear idea of your overall financial health, while pay stubs help them gauge your current earnings. If you're self-employed or have other sources of income (such as child support), you may need to show your lender proof through 1099 forms, direct deposits or other means.


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