Category Archives: Home Mortgage

What You Need to Know About the 4506-Transcript Income Verification

If you are a financial institution such as a credit union, mortgage lender or bank, you may be able to take advantage of a recap regarding how 4506-Transcripts may assist you. The IRS grants wage-income transcripts as well as W-2 … Continue reading

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What Borrowers Should Know About A 4506-T

If you’re applying for a mortgage or other loan, your lender may ask you to sign an IRS Form 4506-T. This form allows the lender to request your tax transcripts directly from the IRS for the last three years. A … Continue reading

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How Long Does it Take to Process a Mortgage Loan?

Thinking about applying for a mortgage? If so, you may be wondering how long the process actually takes, from beginning to end. While the length of time may vary based on the extenuating factors of your case, there are some … Continue reading

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What is a 4506t?

Form 4506t is a Federal tax form commonly referred to as the Tax Transcript form. This common form is used to: Request a personal tax return copy Designate a third party to receive a personal tax return copy Form 4506t … Continue reading

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What can be used as proof of income?

When you apply for a loan, whether it’s a car loan, a mortgage or a personal loan, the lender generally will require you to show proof of income. The lender does this because it wants to be sure you can … Continue reading

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