Category Archives: Financial

What Is a Tax Transcript and Why Might I Need One?

Posted on February 28, 2020 by Sandra James

From time to time a person is asked to prove his or her income by producing tax returns. This is why tax preparation experts recommend holding on to tax returns for several years. But what if a person doesn’t have … Continue reading →

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Why do underwriters need tax returns?

Posted on February 21, 2020 by Sandra James

If you’re in the process of applying for a mortgage, it’s likely you’ve been providing the underwriter with lots of documents. Mortgage companies typically ask for pay stubs, legal documents, and bank statements to verify your financial well-being. The mortgage … Continue reading →

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Can a bank ask for tax returns?

Posted on February 14, 2020 by Sandra James

Banks have become more cautious than ever since the mortgage crisis, so they are no longer able to simply ask if a person has the ability to repay a loan. There are many people able to provide enough information without … Continue reading →

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Why do mortgage lenders need tax transcripts?

Posted on January 31, 2020 by Sandra James

When you apply for a mortgage, you’ll be asked for information by the lender. The mortgage company is taking a risk every time they loan money for a home purchase, and they need to ensure that they verify all the … Continue reading →

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Can banks access tax records?

Posted on January 27, 2020 by Sandra James

When you apply for a loan from a bank, you should expect them to ask you for verification of your income. Before the economic crash of 2008, it was easy to get a loan simply by self-certifying your income. Those … Continue reading →

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