Category Archives: Home Mortgage

Why does your lender want a Form 4506-T from you?

In the simplest terms, it’s a form that lenders use to verify you filed a tax return and confirm the income you reported on your mortgage application. On the other hand, it can also prove that you didn’t file a … Continue reading

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Why do underwriters need tax returns?

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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Will mortgage lenders accept a tax transcript?

Mortgage companies want to prevent fraudulent loan applications from being accepted. One way they do this is by verifying an applicant’s tax return. Lenders can go right to the IRS and request transcripts. This means there will not be any … Continue reading

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Do Mortgage Lenders Look at Tax Returns?

Mortgage lenders are important because they make it possible for Americans to have homes. However, every time they offer a home loan, these lenders take a risk that the borrower may not be able to repay the money. Therefore, they … Continue reading

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What statements are needed for a mortgage?

Applying for a mortgage is a large step towards borrowing money for a new purchase. You should, however, be aware of the paperwork required to receive a mortgage. Today, we will go over a few statements that you’ll need. Let’s … Continue reading

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