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How Income Is Determined
Mortgage Library: Ask a Mortgage Related Question: Answers: How Income Is Determined
When trying to obtain a mortgage loan, why am I asked to bring in 2 years worth of W2's and most recent paycheck stubs? Do they average out what I make in the last 2 years to determine if I can get the loan? Are these items really that important?
Yes, those things really are that important.
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