Pay Stubs for Your Loan Modification

You must submit at least one month of consecutive legible pay stubs

Most borrowers or homeowners are W2 employees and receive regular paystubs. You need to provide copies of your most recent consecutive pay stubs which cover at one to two month’s of income and which also shows year-to-date earning, for each borrower who receives a salary or hourly wage. This should list your earnings, key dates and numbers, and all the deductions for taxes, insurance, Medicare, retirement, etc.

View all the loan modification documents and information

Loan Modification Main Page

Why does the bank need to verify my income for a loan modification?

They need your paystubs to verify your income to see if you will qualify for a loan modification. You need to make enough to qualify. You can be disqualified for not making enough money or actually making too much. This does sound crazy and it makes homeowners very frustrated but there are ways you can structure income to make this work. Our Loan Modification ToolKit provides helpful hints on how to structure income to improve your chances of getting a loan modification.

KEEP ALL OF YOUR APYSTUBS BECAUSE EVERY 30-60 DAYS THE BANK WILL REQUIRE UPDATED ONES UNTIL THE PROCESS IS COMPLETE.

If you are not a wage employee visit the following sections that are applicable to your income:

Self-Employed Income

Rental Income

Contribution Income

 

 

 

 

 

 

 

 


Get The HomeTitan Loan Modification Toolkit

So Well Designed It Has Your Work Done in Hours. Seriously.