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Why do mortgage lenders need pay stubs?

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Kimjousha321

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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

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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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