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Tag Archives: Qualification

What homebuyers and homeowners should know about proof of income

“How much do you make?” is an awkward question, but homebuyers and homeowners must be prepared to answer – and back up their number with evidence – if they want to apply for a mortgage, pre-approval, refinancing or renewal.  Income verification is a key step in mortgage qualification. Lenders use a prospective borrower’s income and debt [&hellip…

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