Thread: pilot mortgages
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Old 08-17-2014, 04:16 PM
  #15  
John Carr
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Joined APC: Jul 2013
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Originally Posted by chongololo View Post
they should be asking for previous year's tax returns and W2's, hourly and weekly shouldn't even factor into it.
Find another lender, the good ones will see the sense in figuring out if your income qualifies or not.
I've always wondered this also. I've done three mortgages now, from three different lenders. All they wanted to see was a pay stub, and simply wanted to know how I was paid. IE; was it weekly, bi-weekly, twice a month, or whatever. Then that was simply used to determine my yearly income.

But hourly rate/hours paid on the stub NEVER had a bearing.
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