Earnings and assets are necessary to determining your mortgage eligibility. To put it simply, the greater amount of earnings you’ve got, a lot more likely you are to own a diminished DTI and a far better potential for making your mortgage repayment each month.
This will make the mortgage less risky for the lending company. So that you can document earnings, your loan provider shall use such things as pay stubs, W-2s and tax statements.
Assets are essential for 2 reasons. Read more “I want to tell about Income And Assets”