Home Loans Advisor

Mortgage Refinancing: Income

Of course, whenever you apply for any type of loan, companies ask for a verification of income. Included in this is how long you have been employed (or self-employed, if relevant), where, how much you make, etc. Verification of income would include paystubs or W-2 forms. Each mortgage company might accept a different document for verifying your income.

However, if your normal income is not enough to qualify you a mortgage or for mortgage refinancing, but you do have supplementary income, then you should provide documentation of it with your mortgage/mortgage refinancing application. Examples of supplementary income can include overtime, part time, commission, child support or alimony, household contributional, and more. Let's examine some of these.





Income, Part 2

Income, Part 3


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