Acceptable Forms of Income Documentation
Many people want to know what forms of income documentation are acceptable to a lender for obtaining a mortgage? There are many forms of income documentation that can be acceptable to use for obtainin
http://www.brokeroutpost.com/reference/156243.htm (Updated: 08/31/2007)
Related Reference Topics: [w2, 1040, stated, no doc, bank statements]

What will a lender accept as proof of Income?
Many borrowers today earn income in many different ways. When applying for a mortgage they have a hard time proving their income in traditional ways with pay stub and W2's. Lenders have recognized thi
http://www.brokeroutpost.com/reference/48617.htm (Updated: 06/28/2007)
Related Reference Topics: [full doc, income documents]

How low on the Credit Score do Lenders go 80/20?
Full Documentation = 2 Years Employment as W2 Employee or 12 months Bank Statements show suffient deposits if your 1099. Lenders will traditionally go to a FICO score of 580. Exceptions are to 560 but
http://www.brokeroutpost.com/reference/24511.htm (Updated: 10/09/2006)
Related Reference Topics: [full doc, employment, 80/20, 100%, 560, 580]

Low Documentation Mortgage
Low Doc loans are loans that require less income documentations. There are basically three types of Low-Doc mortgages, Stated Income loans, bank statements as incomes, and No Ratio loans. Stated In
http://www.brokeroutpost.com/reference/30777.htm (Updated: 08/09/2006)

Debt to Income Ratios
A Debt to Income Ratio is the percentage of monthly income compared to monthly debt. To figure out ones debt to income ratio you will take a 12 month total of income (a W2 from work is perfect for thi
http://www.brokeroutpost.com/reference/20369.htm (Updated: 04/05/2006)

Alternative income documentation
There are many mortgage programs that allow for alternative income documentation. Alternative income documentation is using non-traditional methods of documenting income. Traditional methods would be
http://www.brokeroutpost.com/reference/22058.htm (Updated: 02/19/2006)

Quick Closing
How can you help speed up the mortgage process? There are many ways to assist with this. Here are a few: Be prepared with all necessary documents that you may need and keep them all in one place for e
http://www.brokeroutpost.com/reference/22629.htm (Updated: 02/14/2006)
Related Reference Topics: [closing]